David A. Fidanza - 20 Oct 2023 Form 4 Insider Report for iCoreConnect Inc. (ICCT)

Role
Chief Operating Officer
Signature
/s/ David A. Fidanza
Issuer symbol
ICCT
Transactions as of
20 Oct 2023
Net transactions value
$0
Form type
4
Filing time
06 Dec 2024, 17:00:40 UTC
Previous filing
02 Oct 2023
SEC
View on sec.gov

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 ICCT Stock Option Award $0 +75,403 $0.000000 75,403 20 Oct 2023 Common Stock 75,403 $3.71 Direct F1
transaction ICCT Stock Option Award $0 +152,055 $0.000000 152,055 31 May 2024 Common Stock 152,055 $1.46 Direct F2
transaction ICCT Stock Option Award $0 +352,420 $0.000000 352,420 31 May 2024 Common Stock 352,420 $3.10 Direct F3
transaction ICCT Series A Preferred Stock Award $0 +4,182 +11% $0.000000 40,939 25 Aug 2024 Common Stock 20,910 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option vests and becomes fully exercisable on December 16, 2024.
F2 The stock option vests and becomes exercisable annually, in equal installments, over a 3 year period.
F3 The stock option is fully vested and exercisable.
F4 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.
F5 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).