KILKENNY TIMOTHY J (Chairman of the Board) reported 2 transactions at FULLNET COMMUNICATIONS INC

Review the transaction codes below to understand the nature of each event.

KILKENNY TIMOTHY J

Filed: 12/2/2020ACC: 0001720088-20-000024

InsiderKILKENNY TIMOTHY JCIK 1254087

→

IssuerFULLNET COMMUNICATIONS INCCIK 1092570

DirectorOfficer10% Owner· Chairman of the Board

Since Sep 2018

0.00

Net shares

Net seller

$6.4K

Total acquired

Open market trades

0B · 0S

Total transactions

445.47K acquired · 445.47K disposed

Non-Derivative Transactions2

Common Stock

Direct

X · X

+250K

Price / share

$0.01

Trade value

$2.50K

% of position

8.7%

12/2/2020

2.87M→3.12M

Common Stock

Direct

X · X

+195.47K

Price / share

$0.02

Trade value

$3.91K

% of position

6.3%

12/2/2020

3.12M→3.32M

Total

Net shares

+445.47K

Net value

$6.41K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/2/2020	X · X	+250K	$0.01	$2.50K	8.7%	2.87M	3.12M
Common Stock Direct	12/2/2020	X · X	+195.47K	$0.02	$3.91K	6.3%	3.12M	3.32M
Total			+445.47K		$6.41K

Derivative Transactions2

Stock Option

Direct

X · X

Converts to

Common Stock

250K shares

−250K

Strike price

0.01

Held after

0.00

Exercisable

—

12/2/2020

Stock Option

Direct

X · X

Converts to

Common Stock

356K shares

−195.47K

Strike price

0.02

Held after

160.53K

Exercisable

—

12/2/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option Direct	Common Stock250K shares	12/2/2020	X · X	−250K	0.01	—	0.00
Stock Option Direct	Common Stock356K shares	12/2/2020	X · X	−195.47K	0.02	—	160.53K

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect

Shares owned315K

Total

315K indirect315K

Security Title	Shares Owned	Ownership Type
Common Stock	315K	Indirect
Total	315K	315K indirect

Derivative Holdings (Post-Transaction)2

Convertible Preferred Stock

Direct

Underlying security

Common Stock

Underlying shares

240.63K

Shares owned

240.63K

Exercise price

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

250K

Shares owned

250K

Exercise price

0.01

Expiration

—

Exercise window

—

Total

Underlying

490.63K

Owned

490.63K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Convertible Preferred Stock Direct	Common Stock		—	—	240.63K	240.63K
Stock Option Direct	Common Stock	0.01	—	—	250K	250K
Total					490.63K	490.63K