SEC Form 4 · accession 0000913849-18-000379
LEARNING TREE INTERNATIONAL, INC. · LTRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Kevin Gruneich
Director · 10% Owner
Donna Gruneich
10% Owner
KEVIN ROSS GRUNEICH LEGACY TRUST
10% Owner
Period of report
Oct 1, 2018
Accepted (ET)
Oct 3, 2018 · 5:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001002037
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible Promissory NoteF1,F2 | $1.00 | Oct 1, 2018 | J | 1,000,000 | A | Oct 1, 2018 | Jun 29, 2028 | Common Stock | 1,000,000 | 3,000,000 | I |
Explanation of responses
- F1Reflects an increase in the number of shares into which the convertible promissory note may convert due to a $1,000,000 draw by the Issuer under the associated line of credit agreement.
- F2These securities are held by The Kevin Ross Gruneich Legacy Trust (the "Legacy Trust") for which the designated Reporting Person's spouse, Donna Grunreich, serves as Trustee. Each of Kevin Gruneich and Donna Gruneich disclaims beneficial ownership of the securities held by the Legacy Trust except to the extent of his or her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or for any other purpose.