4//SEC Filing
BINDER JEFFREY I 4
Accession 0001185185-19-000135
CIK 0001522222other
Filed
Jan 31, 7:00 PM ET
Accepted
Feb 1, 2:03 PM ET
Size
12.4 KB
Accession
0001185185-19-000135
Insider Transaction Report
Form 4
BINDER JEFFREY I
DirectorChairman, President and CEO10% Owner
Transactions
- Conversion
Warrants
2018-11-30+244,444→ 244,444 totalExercise: $0.65From: 2018-11-30Exp: 2021-01-06→ Common Stock (244,444 underlying) - Conversion
Common Stock
2018-11-30+244,444→ 8,717,971 total - Conversion
Special Warrants
2018-11-30−222,222→ 0 totalFrom: 2018-11-30→ Units (222,222 underlying) - Other
Convertible Promissory Note
2018-08-07$37500.00/sh−120,000$4,500,000,000→ 0 totalExercise: $0.31From: 2018-04-06→ Common Stock (120,000 underlying)
Footnotes (6)
- [F1]222,222 Special Warrants were deemed automatically exercised on behalf of, and without any further action or additional consideration required on the part of, the Reporting Person on November 30, 2018. The Special Warrants entitled the Reporting Person to acquire 1.1 Units per Special Warrant, with each Unit comprised of one common share and one common share purchase warrant, resulting in the issuance of 244,444 shares of common stock and common share purchase warrants to the Reporting Person. The common share purchase warrants are exercisable at CAD$0.65 per share and expire on January 6, 2021.
- [F2]Represents repayment in full by the Issuer of the Convertible Promissory Note.
- [F3]The Note was convertible, at the election of the Reporting Person, at any time prior to payment or prepayment in full and had a maturity date of April 1, 2021.
- [F4]Excludes shares issuable at the election of the Reporting Person upon conversion of accrued interest (both past and future) into shares of common stock.
- [F5]Exercisable for no additional consideration.
- [F6]The Special Warrants did not have an expiration date.
Documents
Issuer
CLS Holdings USA, Inc.
CIK 0001522222
Entity typeother
Related Parties
1- filerCIK 0001033035
Filing Metadata
- Form type
- 4
- Filed
- Jan 31, 7:00 PM ET
- Accepted
- Feb 1, 2:03 PM ET
- Size
- 12.4 KB