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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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1. Title of Derivative Security | 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 | 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 Securities Underlying Derivative Security (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) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
WARRANT TO PURCHASE COMMON STOCK | $8.5 | 07/16/2020 | P | 2,400 | (2) | 10/03/2024 | COMMON STOCK | 2,400 | (2) | 14,400 | D | ||||
WARRANT TO PURCHASE COMMON STOCK | $8.5 | 07/16/2020 | D | 14,400 | (3) | 10/03/2024 | COMMON STOCK | 14,400 | (3) | 0 | D | ||||
WARRANT TO PURCHASE COMMON STOCK | $5 | 07/16/2020 | A | 120,000 | (3) | 07/16/2025 | COMMON STOCK | 120,000 | (3) | 120,000 | D |
The Company issued to the Reporting Person 1,567 shares of Series B Cumulative Preferred Stock at $25.00 per share as consideration for accrued dividends on shares of Series B Cumulative Preferred Stock held by the Reporting Person. | |
The Reporting Person acquired in a private transaction units comprised of 4,000 shares of Series B Cumulative Preferred Stock and 2,400 warrants originally issued by the Company in October 2019 for $25.00 per unit plus accrued and unpaid dividends. | |
In connection with the Company's public offering of Series B Cumulative Preferred Stock and Warrants, the Company exchanged outstanding warrants held by the Reporting Person for warrants of the same class issued in the public offering in an exempt transaction under Rule 16b-3(d) and (e). |
Signatures | ||
/s/ ANDREW A WIEDERHORN | 07/24/2020 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |