Richard P. Blumberg - Aug 21, 2023 Form 4 Insider Report for GUIDED THERAPEUTICS INC (GTHP)

Role: Director, 10%+ Owner
Signature: /s/ Richard P. Blumberg
Stock symbol: GTHP
Transactions as of: Aug 21, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/20/2023, 05:49 PM
Previous filing: Jun 27, 2023
Next filing: Dec 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GTHP	Common stock	Other		+105K	+3.07%		3.52M	Aug 21, 2023	See Footnote	F1
transaction	GTHP	Common stock	Other		+400K	+11.35%		3.92M	Sep 1, 2023	Direct	F2

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	GTHP	Warrants	Other		+900K	+100%		1.8M	Sep 1, 2023	Common Shares	900K	$0.30	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were issued for payment of accrued dividends on WMB Pension Plan's Series E preferred stock, at a conversion price of $0.1777. WMB Pension Plan is beneficially owned by Rick Blumberg, the reporting individual.
F2	On March 10, 2021, the Company entered into a consulting agreement with Richard Blumberg, which was subsequently amended during the year ended December 31, 2021. As a result of the consulting agreement Mr.Blumberg provided $350,000 to the Company in exchange for 1,600,000 common shares and 3,600,000 warrants to acquire common shares with an exercise price of $0.30. Issuance of the common stock and warrants was predicated on the Company obtaining financing totaling a minimum of $1.0 million and Mr. Blumberg's continued service for the Company. The common stock and warrants are required to be issued in four equal tranches. The second tranche was issued on September 1, 2023 and was due 12 months after the Company obtained the requisite financing. The remaining two tranches are due in six-month installments until the final tranche is issued in September 2024.

Content

These shares were issued for payment of accrued dividends on WMB Pension Plan's Series E preferred stock, at a conversion price of $0.1777. WMB Pension Plan is beneficially owned by Rick Blumberg, the reporting individual.

On March 10, 2021, the Company entered into a consulting agreement with Richard Blumberg, which was subsequently amended during the year ended December 31, 2021. As a result of the consulting agreement Mr.Blumberg provided $350,000 to the Company in exchange for 1,600,000 common shares and 3,600,000 warrants to acquire common shares with an exercise price of $0.30. Issuance of the common stock and warrants was predicated on the Company obtaining financing totaling a minimum of $1.0 million and Mr. Blumberg's continued service for the Company. The common stock and warrants are required to be issued in four equal tranches. The second tranche was issued on September 1, 2023 and was due 12 months after the Company obtained the requisite financing. The remaining two tranches are due in six-month installments until the final tranche is issued in September 2024.