James Villa - Sep 16, 2021 Form 4 Insider Report for INFINITE GROUP INC (IMCI)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ James Villa
Stock symbol
IMCI
Transactions as of
Sep 16, 2021
Transactions value $
$0
Form type
4
Date filed
9/20/2021, 04:35 PM
Next filing
Mar 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMCI Common Stock Options Exercise $20K +500K +61.58% $0.04 1.31M Sep 16, 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 -$20K -500K -100% $0.04 0 Sep 16, 2021 Common Stock 500K $0.04 Direct F1
holding IMCI Option 250K Sep 16, 2021 Common Stock 250K $0.12 Direct F1
holding IMCI Option 250K Sep 16, 2021 Common Stock 250K $0.05 Direct F1
holding IMCI Convertible Note 4.97M Sep 16, 2021 Common Stock 4.97M $0.05 Direct F1, F2, F3, F4
holding IMCI Option 500K Sep 16, 2021 Common Stock 500K $0.12 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.