Filing Details
- Accession Number:
- 0001437749-16-034058
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-06-20 12:25:49
- Reporting Period:
- 2016-06-16
- Filing Date:
- 2016-06-20
- Accepted Time:
- 2016-06-20 12:25:49
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 317340 | Mikros Systems Corp | MKRS.OB | Measuring & Controlling Devices, Nec (3829) | 141598200 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1279889 | J Thomas Meaney | 12 Fairhill Drive Chadds Ford PA 19317 | President And Cfo | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Redeemable Series C Preferred Stock | Disposition | 2016-06-16 | 5,000 | $0.00 | 0 | No | 4 | S | Direct | |
| Series D Preferred Stock | Disposition | 2016-06-16 | 138,000 | $0.00 | 0 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2016-06-16 | 2,533,168 | $0.00 | 6,045,235 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | P | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Convertible Preferred Stock | Convertible Preferred Stock | Disposition | 2016-06-16 | 50,000 | $0.00 | 50,000 | $0.00 |
| Series B Convertible Preferred Stock | Series B Convertible Preferred Stock | Disposition | 2016-06-16 | 649,925 | $0.00 | 649,925 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | S | Direct | ||
| 0 | No | 4 | S | Direct |
Footnotes
- The reporting person entered into an Exchange Agreement with the Issuer on June 16, 2016 (the "Exchange Agreement"). Under the Exchange Agreement, certain shares of preferred stock were exchanged for cash and shares of common stock as follows: (i) each share of Convertible Preferred Stock was exchanged for $0.165 in cash and 1.95 shares of common stock; (ii) each share of Series B Convertible Preferred Stock was exchanged for $0.0825 in cash and 2.43 shares of common stock; (iii) each share of Redeemable Series C Preferred Stock was exchanged for $2.708 in cash and 31.27 shares of common stock; and (iv) each share of Series D Preferred Stock was exchanged for $0.36232 in cash and 5.072464 shares of common stock.
- Each share of Convertible Preferred Stock was convertible at any time into one share of common stock, and had no expiration date.
- Each share of Series B Convertible Preferred Stock was convertible at any time into three shares of common stock, and had no expiration date.
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