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Filing Details

Accession Number:
0001437749-15-002664
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-02-13 16:30:52
Reporting Period:
2013-01-25
Filing Date:
2015-02-13
Accepted Time:
2015-02-13 16:30:52
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
894237 Vision Sciences Inc VSCI Electromedical & Electrotherapeutic Apparatus (3845) 133430173
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
901507 C Lewis Pell C/o Vision-Sciences, Inc.
40 Ramland Road South, Suite 1
Orangeburg NY 10962
Yes 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, $0.01 Par Value Per Share Acquisiton 2015-02-12 15,000 $0.46 8,898,740 No 4 P Direct
Common Stock, $0.01 Par Value Per Share Acquisiton 2015-02-11 20,000 $0.46 8,883,740 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Convertible Promissory Note Acquisiton 2013-01-25 1,000,000 $0.00 833,333 $1.20
Common Stock Convertible Promissory Note Acquisiton 2013-03-12 1,000,000 $0.00 833,333 $1.20
Common Stock Convertible Promissory Note Acquisiton 2013-04-19 1,000,000 $0.00 833,333 $1.20
Common Stock Convertible Promissory Note Acquisiton 2013-06-10 1,000,000 $0.00 833,333 $1.20
Common Stock Convertible Promissory Note Acquisiton 2013-07-24 1,000,000 $0.00 833,333 $1.20
Common Stock Convertible Promissory Note Acquisiton 2013-10-07 1,000,000 $0.00 1,123,595 $0.89
Common Stock Convertible Promissory Note Acquisiton 2013-11-26 1,000,000 $0.00 1,123,595 $0.89
Common Stock Convertible Promissory Note Acquisiton 2014-01-21 1,000,000 $0.00 1,123,595 $0.89
Common Stock Convertible Promissory Note Acquisiton 2014-03-13 500,000 $0.00 561,797 $0.89
Common Stock Convertible Promissory Note Acquisiton 2014-06-16 1,000,000 $0.00 900,900 $1.11
Common Stock Convertible Promissory Note Acquisiton 2014-08-12 1,000,000 $0.00 900,900 $1.11
Common Stock Convertible Promissory Note Acquisiton 2014-10-24 1,000,000 $0.00 900,900 $1.11
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
15,213,953 2013-01-25 2017-09-19 No 4 J Direct
16,047,286 2013-03-12 2017-09-19 No 4 J Direct
16,880,620 2013-04-19 2017-09-19 No 4 J Direct
17,713,953 2013-06-10 2017-09-19 No 4 J Direct
18,547,286 2013-07-24 2017-09-19 No 4 J Direct
19,670,881 2013-10-07 2018-09-25 No 4 J Direct
20,794,477 2013-11-26 2018-09-25 No 4 J Direct
21,918,072 2014-01-21 2018-09-25 No 4 J Direct
22,479,870 2014-03-13 2018-09-25 No 4 J Direct
23,380,770 2014-06-16 2019-06-16 No 4 J Direct
24,281,671 2014-08-12 2019-06-16 No 4 J Direct
25,182,572 2014-10-24 2019-06-16 No 4 J Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, $0.01 Par Value Per Share 50,000 Indirect By spouse
Common Stock, $0.01 Par Value Per Share 43,500 Indirect By trust
Footnotes
  1. The Issuer issued a $20.0 million revolving convertible promissory note to the Reporting Person on September 19, 2012 (the "2012 Note"). The Issuer borrowed an additional $1.0 million under the 2012 Note on January 25, 2013, March 12, 2013, April 19, 2013, June 10, 2013 and July 24, 2013, bring the aggregate principal amount outstanding under the 2012 Note to $20.0 million. The outstanding balance under the 2012 Note is convertible, at the Reporting Person's opinion, into shares of the Issuer's common stock at a fixed conversion price of $1.20 per share.
  2. The Issuer issued a $3.5 million revolving convertible promissory note to the Reporting Person on September 23, 2013 (the "2013 Note"). The Issuer borrowed $1.0 million under the 2013 Note on October 7, 2013. November 26, 2013 and January 21, 2014 and $500,000 under the 2013 Note on March 13, 2014, bring the aggregate principal amount outstanding under the 2013 Note to $3.5 million. The outstanding balance under the 2013 Note is convertible, at the Reporting Person's opinion, into shares of the Issuer's common stock at a fixed conversion price of $0.89 per share.
  3. The Issuer issued a $5.0 million revolving convertible promissory note to the Reporting Person on June 16, 2014 (the "2014 Note"). The Issuer borrowed $1.0 million under the 2014 Note on June 16, 2014, August 12, 2014 and October 24, 2014, bring the aggregate principal amount outstanding under the 2014 Note to $3.0 million. The outstanding balance under the 2014 Note is convertible, at the Reporting Person's opinion, into shares of the Issuer's common stock at a fixed conversion price of $1.11 per share