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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 | ||||||||
8% Convertible Subordinated Note | $ 1 | 06/30-05:00/2020 | M | 100,000 | 05/15-05:00/2019 | 10/03-05:00/2021 | Common Stock | 100,000 | $ 1 | 0 | I | FRUS Capital LLC | |||
Series C Preferred Stock | $ 1 | 06/30-05:00/2020 | M | 9,324 | 05/17-05:00/2019 | (3) | Common Stock | 9,324 | $ 1 | 0 | I | FRUS Capital LLC |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
THORPE KIM D C/O 7751 BELFORT PARKWAY SUITE 150 JACKSONVILLE, FL 32256 |
X | CFO |
/s/ Kim Thorpe | 07/13-05:00/2020 | |
**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) | Includes (i) 100,000 shares of common stock issued pursuant to conversion of 8% Convertible Subordinated Note into shares of Series C Cumulative Convertible Preferred Stock, and which were simultaneously converted into shares of common stock at $1.00 per share, and (ii) 9,324 shares of Series C Preferred Stock converted into shares of common stock at $1.00 per share. The 9,324 shares of Series C Preferred Stock converted includes 2,143 shares of common stock issued as accrued and unpaid interest at $1.00 per shares. |
(2) | Includes 100,000 shares of restricted common stock which were granted as compensation for services performed as a director of the Company and will cliff vest at the end of a three-year period on August 21, 2022. |
(3) | No expiration date. |