SEC Form 4 · accession 0001415889-17-001553
IMAGEWARE SYSTEMS INC · IWSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles Frischer
Director
Period of report
Sep 19, 2017
Accepted (ET)
Sep 21, 2017 · 9:48 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000941685
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series E Convertible Preferred StockF2,F1 | $1.90 | Sep 19, 2017 | D | 2,636 | D | Feb 6, 2015 | — | Common Stock | 1,387,368 | 0 | D |
| Series G Convertible Preferred StockF2,F1 | $1.50 | Sep 19, 2017 | D | 469 | D | Dec 29, 2016 | — | Common Stock | 312,667 | 0 | D |
| Series A Convertible Preferred StockF2,F3,F4 | $1.15 | Sep 19, 2017 | A | 3,105 | A | Sep 19, 2017 | — | Common Stock | 2,700,000 | 3,105 | D |
Explanation of responses
- F1Both Series E Convertible Preferred Stock ("Series E Preferred") and the Series G Convertible Preferred Stock ("Series G Preferred") remain convertible so long as the shares remain issued and outstanding.
- F2Pursuant to the terms and conditions of an Exchange Agreement by and between the Reporting Person and the Issuer, the Reporting Person cancelled all shares of Series E Preferred and Series G Preferred held, in exchange for the same number of shares of Series A Convertible Preferred Stock ("Series A Preferred").
- F3Shares of Series A Preferred remain convertible so long as the shares remain issued and outstanding.
- F4Each share of Series A Preferred has a liquidation preference of $1,000 per share ("Liquidation Preference"), and is convertible, at the option of the holder, into that number of shares of the Issuer's common stock equal to the Liquidation Preference, divided by $1.15.