Filing Details

Accession Number:
0001437749-18-006383
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-04-05 12:57:36
Reporting Period:
2018-04-03
Accepted Time:
2018-04-05 12:57:36
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1019034 Bio Key International Inc BKYI Computer Communications Equipment (3576) 411761861
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1660128 Wong Fong Kwok C/O Bio-Key International, Inc.
3349 Highway 138, Building A, Suite E
Wall NJ 07719
Managing Director, Bio-Key Hk Yes Yes 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 2018-04-03 1,085,778 $3.60 3,638,815 No 4 C Direct
Common Stock Acquisiton 2018-04-03 91,820 $3.60 3,730,635 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Series A-1 Convertible Preferred Disposition 2018-04-03 39,088 $3.60 1,085,778 $3.60
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
23,508 No 4 C Direct
Footnotes
  1. The reporting person converted 39,088 shares of Series A-1 Convertible Preferred Stock on April 3, 2018 at a conversion price of $3.60 per share, resulting in his acquisition of 1,085,778 shares of common stock.
  2. The Series A-1 Convertible Preferred Stock is convertible at any time at the option of the holder, subject to a blocker provision which prohibits conversion if such conversion would result in the holder beneficially owning in excess of 9.99% of the issuer's common stock. By providing 61 days written notice to the issuer, the holder may increase such percentage. The reporting person provided such notice on August 7, 2017 and increased the maximum percentage to 35%.
  3. The Series A-1 Convertible Preferred Stock has no expiration date.