SEC Form 4 · accession 0001140361-15-001511

Agritech Worldwide, Inc. · FBER

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Morris Garfinkle

Director

Period of report

Jan 8, 2015

Accepted (ET)

Jan 12, 2015 · 8:29 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001052257

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 Note^F1,F2	—	Jan 8, 2015	J	17,842	D	May 12, 2014	May 12, 2016	See footnote	17,842	57,158	D
Convertible Note^F1,F2	—	Jan 8, 2015	J	19,000	D	Apr 30, 2014	Apr 30, 2016	See footnote	19,000	0	D
Convertible Preferred Stock^F1,F2,F3	—	Jan 8, 2015	J	10,084	A	Jan 8, 2015	Jan 8, 2018	Common Stock	115,243	10,084	D
Warrant^F1,F2	$0.64	Jan 8, 2015	J	86,317	A	Jan 8, 2015	Jan 8, 2020	Common Stock	86,317	86,317	D
Warrant^F1,F2	$0.64	Jan 8, 2015	J	36,705	A	Jan 8, 2015	Jan 8, 2020	Common Stock	36,705	36,705	D

Explanation of responses

F1Mr. Garfinkle exchanged two previously reported convertible notes (one with a principal amount of $75,000, of which $17,842 (plus interest) was exchanged and $57,158 remains outstanding and one with a principal amount of $19,000, all of which was exchanged) (together, the "Notes") in the aggregate amount (principal and interest) of $40,335 for 10,084 units (the "Units"), with each Unit consisting of one (1) share of 12.5% redeemable convertible preferred stock (the "Preferred Stock") and one (1) warrant to acquire 8.56 shares (the "Initial Warrants") of Z Trim Holdings, Inc. (the "Company") common stock, par value $0.00005 per share (the "Common Stock"), at an exercise price of $0.64 per share of Common Stock. Mr. Garfinkle received one (1) Unit for every $4.00 of debt exchanged.
F2Mr. Garfinkle was issued an additional warrant (the "Additional Warrants") exercisable to acquire an aggregate of 36,705 shares of Common Stock at an exercise price of $0.64 per share. In connection with the acquisition of the Units, Mr. Garfinkle acquired an aggregate of (1) 10,084 shares of Preferred Stock, (2) 86,317 Initial Warrants and (3)36,705 Additional Warrants. The Initial Warrants and Additional Warrants are subject to certain anti-dilution and other adjustments.
F3Each share of Preferred Stock (together with any accrued but unpaid dividends thereon) is convertible into shares of Common Stock at the option of the holder at any time at a conversion price per share equal to the sum of the stated value ($4.00 per share) and any accrued but unpaid dividends thereon through the date of redemption divided by the conversion price, which will initially be $0.35 per share of Preferred Stock, subject to certain anti-dilution and other adjustments.