UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Series B Preferred Stock | Â (1) | Â (1) | Common Stock | 1,760,000 | $ (1) | D | Â |
Series C Preferred Stock | Â (2) | Â (2) | Common Stock | 1,000,000 | $ (2) | D | Â |
Series D Preferred Stock | Â (3) | Â (3) | Common Stock | 1,500,000 | $ (3) | D | Â |
Series E Preferred Stock | Â (4) | Â (4) | Common Stock | 320,000 | $ (4) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Stine Seed Farm, Inc. 22555 LAREDO TRAIL ADEL, IA 50003 |
 |  X |  |  |
/s/ Jerald L. Reichling | 11/09/2011 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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) | Every one share of Series B Preferred Stock will automatically convert into 0.476 shares of common stock upon the closing of the Issuer's initial public offering. |
(2) | Every one share of Series C Preferred Stock will automatically convert into 0.534 shares of common stock upon the closing of the Issuer's initial public offering, subject to anti-dilution adjustments. |
(3) | Every one share of Series D Preferred Stock will automatically convert into 0.534 shares of common stock upon the closing of the Issuer's initial public offering, subject to anti-dilution adjustments. |
(4) | Every one share of Series E Preferred Stock will automatically convert at a price equal to (1) the product of (A) the price at which the shares of common stock are sold to the public in Issuer's initial public offering and (B) 0.85 (as adjusted to reflect any adjustments to the Series E conversion price occurring prior to any such adjustment occurring in connection with the Issuer's initial public offering if it closes on or before December 31, 2011, or (2) $6.25 per common share under any other conversion scenario. |