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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option | $ 4.4 | (1) | 12/01/2025 | Common Stock | 15,000 | 15,000 | D | ||||||||
Warrant | $ 5 | 12/17/2015 | 11/17/2020 | Common Stock | 125,000 | 125,000 | D | ||||||||
Warrant | $ 5 | 03/18/2016 | 03/18/2021 | Common Stock | 250,000 | 250,000 | D | ||||||||
Warrant | $ 4.5 | 03/18/2016 | 11/18/2016 | Common Stock | 444,444 | 444,444 | D | ||||||||
Warrant | $ 5 | 03/18/2016 | 03/18/2017 | Common Stock | 400,000 | 400,000 | D | ||||||||
Option | $ 3.73 | (2) | 06/10/2026 | Common Stock | 35,000 | 35,000 | D | ||||||||
Warrant | $ 4 | 06/30/2016 | P | 40,000 | 06/30/2016 | 06/30/2021 | Common Stock | 40,000 | $ 0 (3) | 40,000 | I (4) | Trust |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Desmarais John M 230 PARK AVENUE NEW YORK, NY 10169 |
X | X |
/s/ John M. Desmarais | 07/01/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The option vests to the extent of 5,000 shares on each of December 1, 2016, 2017 and 2018. |
(2) | The option vests to the extent of 11,667 shares on each of June 10, 2016 and June 10, 2017, and 11,666 shares on June 10, 2018. |
(3) | The warrant was issued in consideration of a $500,000 loan made to the Issuer by the trust described in footnote 4. |
(4) | The warrant is held by a trust established by the Reporting Person for the benefit of his immediate family. The Reporting Person serves as a trustee of the trust. |