EASTMAN JAY M 4
4 · LUCID INC · Filed Jan 4, 2012
Insider Transaction Report
Form 4
LUCID INCLCDCU
EASTMAN JAY M
DirectorChief Science Officer10% Owner
Transactions
- Conversion
Common Stock
2011-12-30+312,354→ 333,604 total - Conversion
Common Stock
2011-12-30+36,054→ 369,658 total - Conversion
Series A Convertible Preferred Stock
2011-12-30−312,354→ 0 total→ Common Stock (312,354 underlying) - Conversion
8% Convertible Note Due 2012
2011-12-30−36,054→ 0 total→ Common Stock (36,054 underlying)
Footnotes (2)
- [F1]The Series A Convertible Preferred Stock is convertible into Lucid, Inc. common stock and has no expiration date. The number of underlying shares of common stock reported in Column 7 reflects the two-for-one reverse common stock split effective December 6, 2011. All shares of the Company's Series A Preferred Stock will automatically converted into shares of Lucid, Inc. common stock at the closing of the qualified initial public offering.
- [F2]Note including both principal and interest, automatically converted into shares of common stock upon closing of the qualified initial public offering at a conversion price equal to 70% of the price at which shares are sold to the public.