GRANITO MICHAEL R 4
4 · QUICK MED TECHNOLOGIES INC · Filed Nov 19, 2009
Insider Transaction Report
Form 4
GRANITO MICHAEL R
Director10% Owner
Transactions
- Award
Convertible Debt (right to purchase)
2009-11-10+700,000→ 10,279,530 totalExercise: $0.60From: 2009-11-10Exp: 2013-12-31→ Common Stock (700,000 underlying)
Footnotes (1)
- [F1]On November 10, 2009, Quick-Med Technologies, Inc. entered into a senior convertible debt agreement with Mr. Granito with a total principal amount of $600,000 with a conversion price of $0.60 per share of common stock for all Advances received or to be received from September 8, 2009 to on or about December 31, 2009. As of November 12, 2009, Quick-Med Technologies, Inc. received $420,000 to date. As a result, this note is convertible into 700,000 shares of common stock based on the outstanding principal balance of $420,000 upon exercise of conversion.