G. James Benoit Jr. - 26 Aug 2021 Form 3 Insider Report for INFORMATION ANALYSIS INC (AIFF)

Role
CEO, Director
Signature
/s/ MATTHEW T SANDS
Issuer symbol
AIFF
Transactions as of
26 Aug 2021
Net transactions value
$0
Form type
3
Filing time
30 Aug 2021, 14:58:58 UTC
Next filing
14 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WAVD Common Stock 750,000 26 Aug 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding WAVD Warrants (right-to-buy) 26 Aug 2021 Common Stock 750,000 $3.00 Direct
holding WAVD Options (right-to-buy) 26 Aug 2021 Common Stock 30,000 $2.80 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Commensurate with appointment as Chairman and CEO, Mr. Benoit purchased 750,000 units in a private placement at $2.00 per unit. One unit equals 1 share common stock and a warrant to purchase 1 additional share common stock at $3.00 per share, expiring August 31, 2026.
F2 Three-year vesting schedule for options began 08/26/2021 and will end on 08/26/2024.