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EVERSPIN TECHNOLOGIES INC. — Director's Dealing 2016
Oct 7, 2016
33680_dirs_2016-10-07_59809b67-7bbc-4f34-acca-b9dc0cf16352.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: EVERSPIN TECHNOLOGIES INC (MRAM)
CIK: 0001438423
Period of Report: 2016-10-07
Reporting Person: FINCH LAWRENCE G (Director)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 97082 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Series A Preferred Stock | $ | Common Stock (67150) | Direct | ||
| Series B Preferred Stock | $ | Common Stock (36215) | Direct | ||
| 5% Convertible Subordinated Promissory Note | $ | Common Stock () | Direct | ||
| 5% Convertible Subordinated Promissory Note | $ | Common Stock () | Direct |
Footnotes
F1: The reported securities are convertible at any time on a one-for-one basis, in whole or in part, at the option of the holder, have no expiration date, and will convert into shares of common stock immediately prior to the closing of the Issuer's initial public offering.
F2: The note was issued in the original principal amount of $248,653. The outstanding principal and accrued interest on such note will automatically convert into shares of common stock of the Issuer immediately prior to the closing of the Issuer's initial public offering at a conversion rate equal to 80% of the initial public offering price. The note bears interest at a rate of 5% per annum. The note has accrued interest of $8,549.58 to date and will continue to accrue interest until conversion. The note has no expiration date.
F3: The note was issued in the original principal amount of $174,057.17. The outstanding principal and accrued interest on such note will automatically convert into shares of common stock of the Issuer immediately prior to the closing of the Issuer's initial public offering at a conversion rate equal to 80% of the initial public offering price. The note bears interest at a rate of 5% per annum. The note has accrued interest of $1,573.67 to date and will continue to accrue interest until conversion. The note has no expiration date.