Filing Details

Accession Number:
0001181431-13-017266
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-03-15 18:06:47
Reporting Period:
2012-08-31
Filing Date:
2013-03-15
Accepted Time:
2013-03-15 18:06:47
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1262200 Daystar Technologies Inc DSTI Semiconductors & Related Devices (3674) 841390053
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1511995 M John Moretti C/O Daystar Technologies, Inc.
2280 Leckie Road, Unit B
Kelowna, British Columbia Z4
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2012-08-31 115,792 $1.61 115,792 No 4 C Direct
Common Stock Disposition 2013-03-13 45,592 $1.15 70,200 No 4 S Direct
Common Stock Disposition 2013-03-14 7,200 $1.12 63,000 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Convertible Debenture Acquisiton 2012-08-31 115,792 $0.00 115,792 $1.61
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
100,000 No 4 C Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple open market sales executed on the same day by a broker-dealer at prices from $1.15 to $1.19. The reporting person undertakes to provide, upon request by the Staff of the Securities and Exchange Commission, the Company, or by a security holder of the Company, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.
  2. The price in Column 4 is a weighted average price. These shares were sold in multiple open market sales executed on the same day by a broker-dealer at prices ranging from $1.12 to $1.16.
  3. On January 6, 2010, Mr. Moretti loaned DayStar Technologies, Inc. $250,000 and received a convertible note. On August 31, 2012, pursuant to the terms of the convertible note, Mr. Moretti converted $150,000 of the original principal amount of note plus accrued interest into common stock of the Company at $1.61 per share. The remaining $100,000 of original principal amount plus accrued but unpaid interest has not been converted and remains outstanding.