Zucker Anita G 4
4 · VICON INDUSTRIES INC /NY/ · Filed Mar 26, 2018
Insider Transaction Report
Form 4
Zucker Anita G
10% Owner
Transactions
- Sale
Common Stock
2018-03-23−7,284,824→ 0 total(indirect: See footnote) - Sale
Warrants
2018-03-23−1,500,000→ 0 total(indirect: By Trust)Exercise: $0.40From: 2017-04-20Exp: 2020-04-20→ Common Stock (1,500,000 underlying)
Footnotes (3)
- [F1]The 7,284,824 shares of VII common stock together with warrants to purchase 1,500,000 shares of VII common stock for $0.40 per share were transferred to CETX in consideration for 1,012,625 shares of CETX common stock. In determining the number shares of CETX common stock received, the parties multiplied $0.40 by the number of VII shares transferred (7,284,824) and divided the product by the five-day weighted average price of the CETX common stock for the five business days immediately preceding March 23, 2018. The price (value) received for the VII common stock disposed of has not been calculated but was less than $0.40 per share. The price (value) received for the warrants to acquire VII common stock has not been separately calculated but it will reduce the value per share received for the VII common stock sold.
- [F2]The shares were owned directly by NIL Funding Corporation, a subsidiary of the Article 6 Marital Trust, and indirectly by Anita G. Zucker as trustee and beneficiary of the trust.
- [F3]The warrants were owned directly by NIL Funding Corporation, a subsidiary of the Article 6 Marital Trust, and indirectly by Anita G. Zucker as trustee and beneficiary of the trust.