James Villa - 16 Sep 2021 Form 4 Insider Report for INFINITE GROUP INC

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ James Villa
Issuer symbol
N/A
Transactions as of
16 Sep 2021
Net transactions value
$0
Form type
4
Filing time
20 Sep 2021, 16:35:55 UTC
Next filing
31 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMCI Common Stock Options Exercise $20,000 +500,000 +62% $0.0400 1,312,000 16 Sep 2021 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
transaction IMCI Option Exercise of in-the-money or at-the-money derivative security $20,000 -500,000 -100% $0.0400 0 16 Sep 2021 Common Stock 500,000 $0.0400 Direct F1
holding IMCI Option 250,000 16 Sep 2021 Common Stock 250,000 $0.1200 Direct F1
holding IMCI Option 250,000 16 Sep 2021 Common Stock 250,000 $0.0500 Direct F1
holding IMCI Convertible Note 4,970,980 16 Sep 2021 Common Stock 4,970,980 $0.0500 Direct F1, F2, F3, F4
holding IMCI Option 500,000 16 Sep 2021 Common Stock 500,000 $0.1150 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Immediately.
F2 Consists of outstanding balance of convertible note issued in 2003.
F3 Includes the number of shares issuable upon conversion of principal and accrued interest as of September 16, 2021.
F4 These securities are owned by Northwest Hampton Holdings, LLC and indirectly owned by James Villa as the sole member of Northwest Hampton Holdings, LLC.