4//SEC Filing
West Benjamin B 4
Accession 0001209191-10-033644
CIK 0000022872other
Filed
Jun 9, 8:00 PM ET
Accepted
Jun 10, 5:01 PM ET
Size
9.9 KB
Accession
0001209191-10-033644
Insider Transaction Report
Form 4
West Benjamin B
10% Owner
Transactions
- Purchase
Convertible promissory note
2010-04-14$0.25/sh+400,000$100,000→ 400,000 totalExercise: $0.25From: 2010-04-14Exp: 2011-04-14→ Common (400,000 underlying) - Purchase
Warrant to purchase common stock
2010-04-14$0.25/sh+50,000$12,500→ 50,000 totalExercise: $0.25From: 2010-04-14Exp: 2015-04-14→ Common (50,000 underlying)
Holdings
- 4,000,000
Common stock
Footnotes (2)
- [F1]On April 14, 2010, Mr. West purchased a Convertible Promissory Note in the amount of $100,000 issued by Comprehensive Care Corporation. The Note matures April 14, 2011, and accrues interest payable quarterly in arrears at the rate of 24.0% per annum. At any time prior to the maturity date of the Note, Mr. West may elect to convert the outstanding balance of the Note plus any accrued interest into shares of the Company's common stock at $0.25 per share. Comprehensive Care Corporation has the right to prepay all or part of the Note after thirty days from the issue date upon providing Mr. West with five days written notice during which time Mr. West may exercise all or any portion of his conversion rights previously described.
- [F2]In conjunction with Mr. West's purchase of a convertible promissory note on April 14, 2010, Mr. West was issued a warrant by Comprehensive Care Corporation. The warrant was issued April 14, 2010 and allows Mr. West to purchase 50,000 shares of the Issuer's common stock at $0.25 per share at any time prior to the April 14, 2015 expiration date of the warrant.
Documents
Issuer
COMPREHENSIVE CARE CORP
CIK 0000022872
Entity typeother
Related Parties
1- filerCIK 0001454915
Filing Metadata
- Form type
- 4
- Filed
- Jun 9, 8:00 PM ET
- Accepted
- Jun 10, 5:01 PM ET
- Size
- 9.9 KB