4//SEC Filing
LEE DAVID DONGHIE 4
Accession 0001493152-21-011035
CIK 0001371128other
Filed
May 10, 8:00 PM ET
Accepted
May 11, 4:37 PM ET
Size
9.7 KB
Accession
0001493152-21-011035
Insider Transaction Report
Form 4
LEE DAVID DONGHIE
DirectorCEO, Acting CFO
Transactions
- Other
Series B Non-Convertible Preferred Stock
2021-01-15$0.00/sh+1,000$0→ 1,000 total - Other
Series D Non-Convertible Preferred Stock
2021-04-15$0.00/sh+1,000$0→ 1,000 total - Other
Series B Non-Convertible Preferred Stock
2021-03-01$0.00/sh−1,000$0→ 0 total
Footnotes (3)
- [F1]The Reporting Person was issued 1,000 shares of Series B Non-Convertible Preferred Stock on January 15, 2021, The Series B Non-Convertible Preferred Stock did not have a dividend rate or liquidation preference and were not convertible into shares of the Company's common stock. Under the terms and during the time in which the shares of the Series B Preferred Stock remained issued and outstanding, the Reporting Person thereof, had the right to voting separately as a class with voting power equal to 51% of the total vote (representing a super majority voting power) on all shareholder matters of the Company. Such vote was to be determined by the holder(s) of a majority of the then issued and outstanding shares of Series B Preferred Stock.
- [F2]These shares of the Series B Preferred Stock were automatically redeemed by the Company on March 1, 2021 upon expiration, which was the date forty five (45) days after the effective date of issuance of such shares.
- [F3]The Reporting Person was issued 1,000 shares of Series D Non-Convertible Preferred Shares on April 15, 2021. The shares of the Series D Preferred Stock shall be automatically redeemed by the Company at their par value on the first to occur of the following triggering events: (i) expiration date, which is 45 days commencing from the issuance date. The Series D Preferred Stock does not pay a dividend, does not have any liquidation preference over other securities issued by the Company and are not convertible into shares of the Company's common stock., (ii) on the date the Reporting Person ceases, for any reason, to serve as officer, director or consultant of the Company, or (ii) on the date that the Company's shares of common stock first trade on any national securities exchange and such listing is conditioned upon the elimination of the preferential voting rights of the Series D Preferred Stock set forth in the Certificate of Designation.
Documents
Issuer
NewHydrogen, Inc.
CIK 0001371128
Entity typeother
Related Parties
1- filerCIK 0001390620
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 4:37 PM ET
- Size
- 9.7 KB