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Iveda Solutions, Inc. — Director's Dealing 2014
Mar 6, 2014
35452_dirs_2014-03-06_311cc941-5252-4357-91a6-e9cf0463bb70.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Iveda Solutions, Inc. (IVDA)
CIK: 0001397183
Period of Report: 2014-03-04
Reporting Person: BRILON ROBERT J (President/CFO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-03-04 | 9.5% Senior Convertible Debenture | $1.50 | A | 33333 | Acquired | 2017-03-04 | Common Stock (33333) | Indirect |
| 2014-03-04 | Warrant to purchase Common Stock | $1.65 | A | 4545 | Acquired | 2019-03-04 | Common Stock (4545) | Indirect |
Footnotes
F1: The reporting person purchased a 9.5% Senior Convertible Debenture (the "Debenture") in the principal amount of $50,000. The Debenture is due and payable three years after the date of issuance and the principal and unpaid interest thereunder is convertible into shares of Common Stock of the issuer ("Common Stock") at the election of the holder any time prior to the maturity date at a conversion price equal to $1.50 per share, subject to adjustment upon the occurrence of certain events as provided in the Debenture.
F2: In connection with the purchase of the Debenture, the reporting person received a warrant to purchase 4,545 shares of Common Stock. The Warrant has a term of five years from date of issuance and the exercise price is subject to adjustment upon the occurrence of certain events as provided in the Warrant.
F3: The 9.5% Senior Convertible Debenture and related Common Stock warrants will be held in the IRA account of the reporting person.