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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 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 | ||||||||
Warrants | $ 0.6 | 08/10/2018 | P | 6,250,000 | 08/10/2018 | 08/10/2021 | Common Stock | 6,250,000 | $ 0.4 | 13,750,000 | I | See Remark(1) and Footnote (1) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Navy Capital Green Management LLC 575 LEXINGTON AVENUE SUITE 4027 NEW YORK, NY 10022 |
X | |||
Navy Capital Green Management Partners LLC 575 LEXINGTON AVENUE SUITE 4027 NEW YORK, NY 10022 |
X | See Remark(1) | ||
Navy Capital Green Fund, LP 575 LEXINGTON AVENUE SUITE 4027 NEW YORK, NY 10022 |
X | See Remark(2) | ||
Navy Capital Green Co-Invest Fund, LLC 575 LEXINGTON AVENUE SUITE 4027 NEW YORK, NY 10022 |
X | |||
Navy Capital Green Co-Invest Partners LLC 575 LEXINGTON AVENUE SUITE 4027 NEW YORK, NY 10022 |
X | See Remark(1) | ||
Kaden John C/O NAVY CAPITAL GREEN MANAGEMENT LLC 575 LEXINGTON AVENUE, SUITE 4027 NEW YORK, NY 10022 |
X | |||
Stiefel Sean 575 LEXINGTON AVENUE SUITE 4027 NEW YORK, NY 10022 |
X |
/s/ John Kaden, Manager of Navy Capital Green Management, LLC | 01/10/2019 | |
**Signature of Reporting Person | Date | |
/s/ Sean Stiefel, Manager of Navy Capital Green Management, LLC | 01/10/2019 | |
**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 amount of 6,250,000 in Table I reflects the amount of common stock purchased by the Co-Investment Fund in the transaction requiring the filing of this statement. The transaction was a private placement acquisition in which the Co-Investment Fund purchased 6,250,000 units comprised of 6,250,000 shares of Common Stock as well as 6,250,000 Warrants with an exercise price of $0.60 per share of Common Stock. In accordance with Instruction 4(b)(iv) of Form 4, the entire amount of the Issuer's securities held by the Fund and the Co-Investment Fund is reported herein. Footnote(1) continued in Footnote(2). |
(2) | Footnote(2) continued from Footnote(1): Each of the Investment Manager, NCG, NCGP, John Kaden and Sean Stiefel disclaims, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of his/its indirect pecuniary interest therein, and this report shall not be deemed an admission that either the Investment Manager, NCG, NCGP, John Kaden and Sean Stiefel are the beneficial owner of such securities for purposes of Section 16 or for any other purposes. |
Remarks: Remark (1): This Form 4 is being filed by Navy Capital Green Management, LLC (the " Investment Manager") on behalf of itself and Navy Capital Green Management Partners, LLC ( "NCG"), Navy Capital Green Fund, LP (the "Fund"), Navy Capital Green Co-Invest Fund, LLC (the "Co-Investment Fund"), Navy Capital Green Co-Invest Partners, LLC ("NCGP), John Kaden and Sean Stiefel. John Kaden and Sean Stiefel are the managers of the Investment Manager, NCG, and NCGP. NCG is the general partner of the Fund and NCGP is the manager of the Co-Investment Fund. Remark (2): With respect to the Fund, due to a clerical error, Navy Capital Green International, Ltd., a British Virgin Island limited company, was incorrectly listed in the private placement documents for the August 2018 transaction. |