4//SEC Filing
BORUS JUSTIN B 4
Accession 0001140361-18-034253
CIK 0001487197other
Filed
Jul 29, 8:00 PM ET
Accepted
Jul 30, 5:50 PM ET
Size
21.6 KB
Accession
0001140361-18-034253
Insider Transaction Report
Form 4
Lazarus Management Co LLC
10% Owner
Transactions
- Other
Warrant (right to buy)
2018-07-26−1,700,000→ 0 total(indirect: See Footnotes)Exercise: $0.50From: 2013-09-18Exp: 2018-07-26→ Common Stock (1,700,000 underlying) - Exercise of In-Money
Common Stock
2018-07-26$0.50/sh+1,100,000$550,000→ 13,612,433 total(indirect: See Footnotes) - Exercise of In-Money
Warrant (right to buy)
2018-07-26−1,100,000→ 1,700,000 total(indirect: See Footnotes)Exercise: $0.50From: 2013-09-18Exp: 2018-07-26→ Common Stock (1,100,000 underlying) - Other
Warrant (right to buy)
2018-07-26+1,800,000→ 1,800,000 total(indirect: See Footnotes)Exercise: $0.53From: 2018-07-26Exp: 2021-07-31→ Common Stock (1,800,000 underlying) - Other
Warrant (right to buy)
2018-07-26−100,000→ 0 total(indirect: See Footnotes)Exercise: $0.50From: 2013-09-18Exp: 2018-08-05→ Common Stock (100,000 underlying)
LAZARUS INVESTMENT PARTNERS LLLP
10% Owner
Transactions
- Other
Warrant (right to buy)
2018-07-26−1,700,000→ 0 total(indirect: See Footnotes)Exercise: $0.50From: 2013-09-18Exp: 2018-07-26→ Common Stock (1,700,000 underlying) - Other
Warrant (right to buy)
2018-07-26+1,800,000→ 1,800,000 total(indirect: See Footnotes)Exercise: $0.53From: 2018-07-26Exp: 2021-07-31→ Common Stock (1,800,000 underlying) - Exercise of In-Money
Common Stock
2018-07-26$0.50/sh+1,100,000$550,000→ 13,612,433 total(indirect: See Footnotes) - Other
Warrant (right to buy)
2018-07-26−100,000→ 0 total(indirect: See Footnotes)Exercise: $0.50From: 2013-09-18Exp: 2018-08-05→ Common Stock (100,000 underlying) - Exercise of In-Money
Warrant (right to buy)
2018-07-26−1,100,000→ 1,700,000 total(indirect: See Footnotes)Exercise: $0.50From: 2013-09-18Exp: 2018-07-26→ Common Stock (1,100,000 underlying)
Lazarus Macro Micro Partners LLLP
10% Owner
Transactions
- Exercise of In-Money
Warrant (right to buy)
2018-07-26−1,100,000→ 1,700,000 total(indirect: See Footnotes)Exercise: $0.50From: 2013-09-18Exp: 2018-07-26→ Common Stock (1,100,000 underlying) - Exercise of In-Money
Common Stock
2018-07-26$0.50/sh+1,100,000$550,000→ 13,612,433 total(indirect: See Footnotes) - Other
Warrant (right to buy)
2018-07-26−1,700,000→ 0 total(indirect: See Footnotes)Exercise: $0.50From: 2013-09-18Exp: 2018-07-26→ Common Stock (1,700,000 underlying) - Other
Warrant (right to buy)
2018-07-26+1,800,000→ 1,800,000 total(indirect: See Footnotes)Exercise: $0.53From: 2018-07-26Exp: 2021-07-31→ Common Stock (1,800,000 underlying) - Other
Warrant (right to buy)
2018-07-26−100,000→ 0 total(indirect: See Footnotes)Exercise: $0.50From: 2013-09-18Exp: 2018-08-05→ Common Stock (100,000 underlying)
BORUS JUSTIN B
10% Owner
Transactions
- Exercise of In-Money
Warrant (right to buy)
2018-07-26−1,100,000→ 1,700,000 total(indirect: See Footnotes)Exercise: $0.50From: 2013-09-18Exp: 2018-07-26→ Common Stock (1,100,000 underlying) - Other
Warrant (right to buy)
2018-07-26−1,700,000→ 0 total(indirect: See Footnotes)Exercise: $0.50From: 2013-09-18Exp: 2018-07-26→ Common Stock (1,700,000 underlying) - Other
Warrant (right to buy)
2018-07-26+1,800,000→ 1,800,000 total(indirect: See Footnotes)Exercise: $0.53From: 2018-07-26Exp: 2021-07-31→ Common Stock (1,800,000 underlying) - Exercise of In-Money
Common Stock
2018-07-26$0.50/sh+1,100,000$550,000→ 13,612,433 total(indirect: See Footnotes) - Other
Warrant (right to buy)
2018-07-26−100,000→ 0 total(indirect: See Footnotes)Exercise: $0.50From: 2013-09-18Exp: 2018-08-05→ Common Stock (100,000 underlying)
Footnotes (6)
- [F1]On July 26, 2018, the terms of an aggregate of 1,800,000 warrants were amended to extend the expiration date to July 31, 2021 and change the exercise price to $0.53 per share.
- [F2]These Warrants are not exercisable by the holder to the extent (but only to the extent) that the holder together with any of its affiliates would beneficially own in excess of 9.99% (the "Maximum Percentage") of the Issuer's Common Stock after giving effect to such exercise and as a result of such exercise. By written notice to the Issuer, the holder may increase or decrease the Maximum Percentage, as applied to the holder, to any other percentage specified in such notice; provided that any such increase will not be effective until the 61st day after such notice is delivered to the Issuer.
- [F3]These Warrants were originally acquired from the Issuer as part of Units, each consisting of one share of Common Stock, one such Warrant and one other Warrant (each a "Unit"). The price paid for each Unit was $0.25.
- [F4]This Warrant is the amended Warrant, resulting from the amendment that is described in Footnote 1.
- [F5]This form is filed jointly by Ibex Investors LLC ("Ibex"), Justin B. Borus, Ibex Microcap Fund LLLP ("Ibex Microcap") and Lazarus Macro Micro Partners LLLP ("Macro Micro Partners" and together with Ibex Microcap, the "Funds"). The securities reported herein are owned directly by Ibex Microcap except for 3,000 shares of common stock owned directly by Macro Micro Partners. Ibex is the investment adviser and general partner of the Funds and Mr. Borus is the manager of Ibex.
- [F6]Each of Ibex and Mr. Borus expressly disclaims beneficial ownership of the securities held by the Funds except to the extent of his or its pecuniary interest therein, if any. Each of the Funds expressly disclaims beneficial ownership of the securities held by the other Fund. The filing of this Form 4 shall not be construed as an admission that either Ibex or Mr. Borus (or each Fund with respect to the securities held by the other Fund), for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, is the beneficial owner of any of the securities reported herein.
Documents
Issuer
BARFRESH FOOD GROUP INC.
CIK 0001487197
Entity typeother
Related Parties
1- filerCIK 0001531960
Filing Metadata
- Form type
- 4
- Filed
- Jul 29, 8:00 PM ET
- Accepted
- Jul 30, 5:50 PM ET
- Size
- 21.6 KB