PAUL MOBLEY - 09 Sep 2022 Form 4 Insider Report for NOBLE ROMANS INC (NROM)

Role
Executive Chairman and CFO, Director, 10%+ Owner
Signature
/s/ Paul Mobley
Issuer symbol
NROM
Transactions as of
09 Sep 2022
Net transactions value
+$400,000
Form type
4
Filing time
13 Sep 2022, 15:59:43 UTC
SEC
View on sec.gov

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 NROM 10% Convertible Subordinated Unsecured Promissory Note Purchase $200,000 $200,000 09 Sep 2022 Common Stock 400,000 $0.5000 See footnote F1, F2, F3
transaction NROM Redeemable Common Stock Purchase Class A Warrant Purchase $200,000 350,000 09 Sep 2022 Common Stock 200,000 $0.5700 See footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Interest on the note accrues at the annual rate of 10% payable quarterly in arrears. The holder of the note may convert it at any time during the term into Common Stock at a conversion rate of $0.50 per share.
F2 The warrant and note were purchased in a single transaction with a total purchase price of $200,000.
F3 Co-owned with spouse.