Acacia Diversified Holdings, Inc. 4
4 · Acacia Diversified Holdings, Inc. · Filed Dec 16, 2016
Insider Transaction Report
Form 4
Pertile Richard K
DirectorCEO, President
Transactions
- Purchase
Common stock
2016-12-12$0.50/sh+1,200,000$600,000→ 2,234,000 total
Footnotes (4)
- [F1]Reporting Person acquired 1,200,000 shares of the Common stock of Issuer in a transaction relating to the exchange of equity shares of Issuer for cancellation of $500,000 in debt and for an additional injection of $100,000 into Issuer for operating capital.
- [F2]Price was fixed by the board of directors as an incentive for Reporting Person to exchange equity shares for debt and to infuse additional operating capital into the Company.
- [F3]In conjunction with the acquisition of these shares, Reporting Person became a shareholder of greater than 10% the issued and outstanding shares of Issuer.
- [F4]In addition to the shares beneficially held by Reporting Person, he also holds: (1) a Proxy to vote 2,500,000 shares of another affiliate of the Company; and, (ii) holds those shares in trust under a Right of First Refusal to acquire them from the other affiliated person at any time between April 4th and May 4th of 2019. This Proxy brings the total sole dispositive voting power of 4,734,000 votes.