0001437749-16-034058.txt : 20160620
0001437749-16-034058.hdr.sgml : 20160620
20160620122549
ACCESSION NUMBER: 0001437749-16-034058
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160616
FILED AS OF DATE: 20160620
DATE AS OF CHANGE: 20160620
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MIKROS SYSTEMS CORP
CENTRAL INDEX KEY: 0000317340
STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829]
IRS NUMBER: 141598200
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: P O BOX 7189
STREET 2: 707 ALEXANDER RD, BLDG 2, SUITE 208
CITY: PRINCETON
STATE: NJ
ZIP: 08540
BUSINESS PHONE: 6099871513
MAIL ADDRESS:
STREET 1: P O BOX 7189
STREET 2: 707 ALEXANDER RD, BLDG 2, SUITE 208
CITY: PRINCETON
STATE: NJ
ZIP: 08540
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MEANEY THOMAS J
CENTRAL INDEX KEY: 0001279889
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-14801
FILM NUMBER: 161721710
4
1
rdgdoc.xml
FORM 4
X0306
4
2016-06-16
0000317340
MIKROS SYSTEMS CORP
MKRS.OB
0001279889
MEANEY THOMAS J
12 FAIRHILL DRIVE
CHADDS FORD
PA
19317
1
1
1
President and CFO
Redeemable Series C Preferred Stock
2016-06-16
4
S
0
5000
D
0
D
Series D Preferred Stock
2016-06-16
4
S
0
138000
D
0
D
Common Stock
2016-06-16
4
P
0
2533168
A
6045235
D
Convertible Preferred Stock
2016-06-16
4
S
0
50000
D
Convertible Preferred Stock
50000
0
D
Series B Convertible Preferred Stock
2016-06-16
4
S
0
649925
D
Series B Convertible Preferred Stock
649925
0
D
The reporting person entered into an Exchange Agreement with the Issuer on June 16, 2016 (the "Exchange Agreement"). Under the Exchange Agreement, certain shares of preferred stock were exchanged for cash and shares of common stock as follows: (i) each share of Convertible Preferred Stock was exchanged for $0.165 in cash and 1.95 shares of common stock; (ii) each share of Series B Convertible Preferred Stock was exchanged for $0.0825 in cash and 2.43 shares of common stock; (iii) each share of Redeemable Series C Preferred Stock was exchanged for $2.708 in cash and 31.27 shares of common stock; and (iv) each share of Series D Preferred Stock was exchanged for $0.36232 in cash and 5.072464 shares of common stock.
Each share of Convertible Preferred Stock was convertible at any time into one share of common stock, and had no expiration date.
Each share of Series B Convertible Preferred Stock was convertible at any time into three shares of common stock, and had no expiration date.
/s/ Thomas J. Meaney
2016-06-20