4//SEC Filing
BLACK HORSE CAPITAL MANAGEMENT LLC 4
Accession 0001013594-20-000383
CIK 0001293310other
Filed
Apr 6, 8:00 PM ET
Accepted
Apr 7, 8:56 AM ET
Size
14.7 KB
Accession
0001013594-20-000383
Insider Transaction Report
Form 4
HUMANIGEN, INCHGEN
Chappell Dale
Director10% Owner
Transactions
- Other
Convertible Note
2018-09-20$500000.00/sh(indirect: By Cheval Holdings, Ltd.)Exercise: $0.36From: 2019-12-11Exp: 2019-12-11→ Common Stock, $0.001 par value (1,583,333 underlying) - Conversion
Common Stock, $0.001 par value
2020-04-02$0.36/sh+1,583,333$570,000→ 49,636,917 total(indirect: By Cheval Holdings, Ltd.) - Conversion
Convertible Note
2020-04-02$500000.00/sh→ 0 total(indirect: By Cheval Holdings, Ltd.)Exercise: $0.36From: 2019-12-11Exp: 2019-12-11→ Common Stock, $0.001 par value (1,583,333 underlying)
Footnotes (5)
- [F1]This Form 4 is filed jointly by Cheval Holdings, Ltd. ("Cheval"), Black Horse Capital Management LLC ("BH Management") and Dale Chappell (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein. The filing of this Form 4 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own.
- [F2]The shares of common stock were issued to Cheval in connection with the conversion of its 2018 convertible note of Humanigen, Inc. (the "Issuer") disclosed in Table II of this Form 4, including accrued and unpaid interest thereon and in accordance with the terms of the convertible note. .
- [F3]Securities owned directly by Cheval. Each of BH Management, by virtue of having been granted by the Board of Directors of Cheval the power to manage the securities of the Issuer owned by Cheval, and Dale Chappell, as the managing member of BH Management, may be deemed to beneficially own the securities owned directly by Cheval.
- [F4]The principal amount and accrued and unpaid interest on the 2018 convertible note is convertible into 1,583,333 shares of Common Stock of the Issuer.
- [F5]While the Issuer disclosed on its Current Report on 8-K filed with the Securities and Exchange Commission on April 6, 2020 that the 2018 and 2019 convertible notes first became convertible as of December 11, 2019, the Reporting Persons only became of their ability to convert in early April 2020. Upon notice of their ability to convert, the Reporting Persons elected to do so and promptly filed this Form 4 in connection therewith.
Documents
Issuer
HUMANIGEN, INC
CIK 0001293310
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001379554
Filing Metadata
- Form type
- 4
- Filed
- Apr 6, 8:00 PM ET
- Accepted
- Apr 7, 8:56 AM ET
- Size
- 14.7 KB