SEC Form 4 · accession 0001140361-15-016049
Agritech Worldwide, Inc. · FBER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Jeffery
Director
Period of report
Apr 16, 2015
Accepted (ET)
Apr 22, 2015 · 11:20 am EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF1,F2 | $0.35 | Apr 16, 2015 | J | 1,250,000 | A | Apr 16, 2015 | Apr 16, 2020 | Common Stock | 1,250,000 | 1,250,000 | I |
Explanation of responses
- F1In consideration of services rendered and to be rendered to Z Trim Holdings, Inc. by Jeffery Consulting Group, LLC (the "Consultant") pursuant to the terms of a Consulting Agreement by and between the Company and the Consultant, dated April 16, 2015 (the "Consulting Agreement"), the Company issued to the Consultant a warrant to purchase a total of 1,250,000 shares of Company's common stock, par value $0.00005, per share (the "Warrants"). The Warrants have an exercise price of $0.35 per share and vest as follows: 500,000 shares upon the mutual execution of the Consulting Agreement; 250,000 shares upon the three month anniversary of the Consulting Agreement; 250,000 shares upon the six month anniversary of the Consulting Agreement; and 250,000 shares upon the nine month anniversary of the Consulting Agreement. The Warrants are subject to certain anti-dilution and other adjustments.
- F2The reporting person is the sole member of the Consultant. The reporting person disclaims beneficial ownership of all securities held by the Consultant in excess of his pecuniary interest, if any, and this report shall not be deemed an admission that he is the beneficial owner of, or has pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.