Iveda Solutions, Inc. 4
4 · Iveda Solutions, Inc. · Filed Dec 11, 2014
Insider Transaction Report
Form 4
Iveda Solutions, Inc.IVDA.OB
Gillen Robert
Director
Transactions
- Purchase
Warrants (Right to buy)
2014-12-09+25,000→ 25,000 total(indirect: See footnote)Exercise: $1.00From: 2014-12-09Exp: 2019-12-09→ Common Stock (25,000 underlying)
Footnotes (2)
- [F1]On December 9, 2014, Squirrel-Away, LLC purchased a 9.5% Debenture (the "Debenture") from the Company in the principal amount of $100,000. The Debenture is due and payable on January 5, 2015. In connection with issuance of the Debenture, Squirrel-Away, LLC received a warrant to purchase 25,000 shares of Common Stock at an exercise price of $1.00 per share. The warrant has a term of five years from the date of issuance.
- [F2]The securities are held by Squirrel-Away, LLC. The sole member of Squirrel-Away, LLC is G&G Trust dated 11/3/2004, which is beneficially owned by Robert Gillen and Mary Gillen (as beneficiaries of the trust). Robert Gillen and Mary Gillen are also managers of Squirrel-Away, LLC, and therefore have voting and investment power with respect to the shares of Iveda common stock held by Squirrel-Away, LLC.