Home > Insider Trading > Filing (0001493152-18-014615)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
891417	Pen Inc.	PENC	Coating, Engraving & Allied Services (3470)	760273345

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1363998	Jr G Howard Westerman	701 Brickell Ave, Suite 1550 Miami FL 33131		Yes	No	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
Class A Common Stock	Acquisiton	2018-10-16	4,000	$0.50	43,889	No	4	J	Direct
Class A Common Stock	Acquisiton	2018-10-16	33,898	$0.50	77,787	No	4	P	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Direct
No	4	P	Indirect	See Footnote

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Option	Acquisiton	2018-10-16	33,898	$0.03	33,898	$1.00
Class A Common Stock	Warrant	Acquisiton	2018-10-16	33,898	$0.03	33,898	$1.50
Class A Common Stock	Warrant Option	Acquisiton	2018-10-16	33,898	$0.03	33,898	$2.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
34,957	2018-10-06	2019-06-30	No	4	P	Indirect
68,855	2018-10-16	2022-10-16	No	4	P	Indirect
102,753			No	4	P	Indirect

Footnotes

Shares acquired directly were awarded as compensation for service as a director of PEN Inc.
Shares acquired indirectly and derivative securities acquired were purchased by a family investment entity that purchased an interest in an entity that acquired the issuer's securities in a private placement. Reporting person has voting control over the family investment entity but reporting person disclaims beneficial ownership of the securities held by the partnership for which he does not have pecuniary interest and this filing should not be construed as an admission that the reporting person is the beneficial owner of these securities.
Warrant will expire on the earlier of this date or the date that the Class A common stock has been trading at or above 120% of the exercise price for a period of 90 days.
Warrant Option is priced at $0.03 per warrant and can only be purchased after exercise of Option and only for that number of shares purchased as a result of option exercise. If exercised, warrant issued on exercise of Warrant Option will have warrant exercise price of $2.00 per share and will expire on the earlier of 4 days from date of issue or date that the Class A common stock has been trading at or above 120% of the exercise price for a period of 90 days.