Iveda Solutions, Inc. — Director's Dealing 2015

Jan 6, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Iveda Solutions, Inc. (IVDA)
CIK: 0001397183
Period of Report: 2014-12-31

Reporting Person: Gillen Robert (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-31	Options (Right to buy)	$1.15	A	50000	Acquired	2024-12-31	Common Stock (50000)	Direct
2015-01-05	Warrants (Right to buy)	$1.00	P	25000	Acquired	2020-01-05	Common Stock (25000)	Indirect

Footnotes

F1: The options subject to this grant vested 100% on the date of the grant.

F2: On December 9, 2014, Squirrel-Away, LLC purchased a 9.5% Debenture (the "Debenture") from the Company in the principal amount of $100,000. The Debenture is due and payable on January 5, 2015. Under the terms of the Debenture, the Company is required to issue a warrant for an additional 25,000 shares for each month the Debenture is outstanding after the initial Maturity Date. Pursuant to the terms of the Debenture, Squirrel-Away, LLC received a warrant to purchase 25,000 shares of Common Stock.

F3: The securities are held by Squirrel-Away, LLC. The sole member of Squirrel-Away, LLC is G&G Trust dated 11/3/2004, which is beneficially owned by Robert Gillen and Mary Gillen (as beneficiaries of the trust). Robert Gillen and Mary Gillen are also managers of Squirrel-Away, LLC, and therefore have voting and investment power with respect to the shares of Iveda common stock held by Squirrel-Away, LLC.