James Villa - 17 Mar 2023 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: 17 Mar 2023
Net transactions value: +$125,002
Form type: 4
Filing time: 31 Mar 2023, 17:03:21 UTC
Previous filing: 20 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IMCI	Common Stock	Purchase	$125,002	+16,667	+95%	$7.50	34,161	17 Mar 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	IMCI	Option						3,334	17 Mar 2023	Common Stock	3,334	$9.00	Direct	F1
holding	IMCI	Option						3,334	17 Mar 2023	Common Stock	3,334	$3.75	Direct	F1
holding	IMCI	Convertible Note						69,789	17 Mar 2023	Common Stock	69,789	$3.75	Direct	F1, F2, F3, F4
holding	IMCI	Option						6,667	17 Mar 2023	Common Stock	6,667	$8.63	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 March 17, 2023.
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.