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