ADCARE HEALTH SYSTEMS, INC | 2013 | FY | 3


The schedule below summarizes the note conversions and number of shares of common stock issued for each conversion since inception:
Date of conversion
 
Conversion Price
 
Shares of Common Stock Issued
 
Debt and Interest Converted
2011:
 
 
 
 
 
 
July 2011
 
$
4.13

 
18,160

 
$
75,000

November 2011
 
$
3.92

 
19,132

 
$
75,000

Subtotal
 
 
 
37,292

 
$
150,000

2013:
 
 
 
 
 
 
February 2013
 
$
3.73

 
6,635

 
$
24,749

March 2013
 
$
3.73

 
6,635

 
$
24,749

April 2013
 
$
3.73

 
67,024

 
$
250,000

August 2013
 
$
3.73

 
284,878

 
$
1,062,595

September 2013
 
$
3.73

 
246,264

 
$
918,553

October 2013
 
$
3.73

 
448,215

 
$
1,671,840

November 2013
 
$
3.73

 
136,402

 
$
508,778

December 2013
 
$
3.73

 
82,326

 
$
307,067

Subtotal
 
 
 
1,278,379

 
$
4,768,331

   Total
 
 
 
1,315,671

 
$
4,918,331


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