Estrella Glenn 4
4 · World Surveillance Group Inc. · Filed Nov 7, 2011
Insider Transaction Report
Form 4
Estrella Glenn
President, CEO & CFO
Transactions
- Purchase
Common Stock $.00001 par value
2011-11-02$0.07/sh+133,333$10,000→ 2,752,924 total - Award
Common Stock $.00001 par value
2011-11-02$0.07/sh+666,667$50,000→ 3,419,591 total - Award
Common Stock Purchase Warrants
2011-11-02$0.21/sh+133,333$28,000→ 966,667 totalExercise: $0.21From: 2011-11-02→ Common Stock $.00001 par value (133,333 underlying) - Award
Common Stock Purchase Warrants
2011-11-02$0.21/sh+666,667$140,000→ 1,633,334 totalExercise: $0.21From: 2011-11-02→ Common Stock $.00001 par value (666,667 underlying)
Footnotes (2)
- [F1]On November 2, 2011, Mr. Estrella purchased 133,333 shares of common stock valued at $.075 per share and received common stock purchase warrants for 133,333 common shares with an exercise price of $.21 and a term of three years. The warrants are exercisable on a cashless basis.
- [F2]On November 2, 2011, Mr. Estrella entered into an agreement to convert $50,000 of accrued cash salary into 666,667 shares of common stock valued at $.075 per share and received common stock purchase warrants for 666,667 common shares with an exercise price of $.21 and a term of three years. The warrants are exercisable on a cashless basis.