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BTCS Inc. — Director's Dealing 2021
Jan 20, 2021
33585_dirs_2021-01-20_6b66db88-fee8-464e-8912-8ced8b9f540b.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: BTCS Inc. (BTCS)
CIK: 0001436229
Period of Report: 2021-01-01
Reporting Person: Handerhan Michal (Director, COO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-01-01 | Series C-2 Convertible Preferred Stock | $0.17 | A | 275000 | Acquired | Common Stock (1617647) | Direct |
Footnotes
F1: The Series C-2 Convertible Preferred Stock (the "Series C-2") is subject to redemption at 107% of investment value if shareholder approval is not received.
F2: Each share of Series C-2 is convertible into shares of the issuer's common stock beginning on the two-year anniversary of the initial issuance date at a per-share conversion rate determined by dividing the stated value ($1.00 per share as of the initial issuance date) by $0.17, subject to anti-dilution adjustment provisions. Further, the Series C-2 automatically converts into shares of common stock upon the earlier of: (i) the four-year anniversary of the initial issuance date, and (ii) the issuer's common stock being listed on a national securities exchange.
F3: The price of the securities in the original Form 4 was erroneously disclosed as $810,000. This Form 4/A amends the original to Form 4 to correct this error.