Harry Joseph Travis - Aug 25, 2023 Form 3 Insider Report for iCoreConnect Inc. (ICCT)

Role
Director
Signature
/s/ Harry Joseph Travis
Stock symbol
ICCT
Transactions as of
Aug 25, 2023
Transactions value $
$0
Form type
3
Date filed
9/12/2023, 07:31 AM
Previous filing
Jul 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ICCT Common Stock 15.1K Aug 25, 2023 Direct

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 ICCT Series A Preferred Stock Aug 25, 2023 Common stock 1K $10.00 Direct F1, F2
holding ICCT Warrants (right to buy) Aug 25, 2023 Common stock 750 $11.50 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series A Preferred Stock is convertible, at the option of the holder thereof, at any time, and without the payment of additional consideration by the holder thereof, into shares of Common Stock.
F2 Each share of Series A Preferred Stock is convertible into shares of Common Stock as is determined by dividing the Original Issue Price of $10.00 by the Conversion Price in effect at the time of conversion. The amount set forth in the table is based on an assumed Conversion Price of $10.00 per share, which is the current Conversion Price. The Conversion Price will be reset to the lesser of $10.00 or 20% above the simple average of the volume weighted average price on the 20 trading days following 12 months after August 25, 2023; provided further that such Conversion Price shall be no greater than $10.00 and no less than $2.00 (such amounts subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization).