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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1045942	Securealert Inc.	SCRA	Communications Equipment, Nec (3669)	870543981

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1481641	Chad Olsen	150 West Civic Center Drive, Suite 400 Sandy UT 84070	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2014-02-26	5,152	$19.00	0	No	4	S	Direct
Common Stock	Acquisiton	2014-02-26	10,901	$0.00	10,901	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	A	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series D Convertible Preferred Stock	Disposition	2014-02-26	134	$0.00	0	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
10			No	4	D	Direct

Footnotes

As disclosed in issuer's most recent Annual Report on Form 10-K, issuer and the Reporting Person entered into a letter agreement dated November 13, 2013 ("Letter Agreement") pursuant to which issuer agreed to redeem shares of Series D Convertible Preferred Stock held by the Reporting Person in one or more transactions for the number of shares of issuer's Common Stock equal to the product of 155% of the Reporting Person's original investment in the redeemed Series D Convertible Preferred Stock divided by the current trading price per share of the Common Stock at the time of redemption. The trading price per share of the Common Stock at the time of the reported redemption was $19.10. Thus, although the 134 shares of Series D Convertible Preferred Stock were originally convertible into 4,020 shares of Common Stock, pursuant to the terms of the Letter Agreement, such shares of Series D Convertible Preferred Stock were redeemed for 10,901 shares of Common Stock.
The Series D Convertible Preferred Stock were originally convertible beginning on April 13, 2010, and had no expiration date; however, under the terms of the Letter Agreement, all of the Series D Convertible Preferred Stock held by the Reporting Person must be redeemed before the issuer's next annual meeting.