William Henry Pickle - 10 Dec 2021 Form 4 Insider Report for INFORMATION ANALYSIS INC (AIFF)

Role
Director
Signature
/s/ Matthew T. Sands
Issuer symbol
AIFF
Transactions as of
10 Dec 2021
Net transactions value
+$62,241
Form type
4
Filing time
14 Dec 2021, 16:20:30 UTC
Previous filing
30 Aug 2021
Next filing
03 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WAVD Common Stock Award $50,002 +16,448 +14% $3.04* 131,448 10 Dec 2021 Shares owned by William and Jean Pickle Trust under shared voting and dispositive power. 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
transaction WAVD Warrants (right-to-buy) Award $12,239 +3,290 +3.1% $3.72* 108,290 10 Dec 2021 Common Stock 3,290 $4.50 Warrants for a total of 68,290 shares are owned by William and Jean Pickle Trust under shared voting F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Pickle purchased $50,000 of Units in a private placement transaction at $3.04/ Unit, which consisted of 16,448 shares of common stock and Warrants to purchase additional 3,290 shares of common stock. Unit price was based on the Volume Weighted Average Price per share for the five trading days ended December 2, 2021.
F2 Warrants to acquire 3,290 shares of common stock reported herein are not exercisable until January 1, 2023.