SEC Form 4 · accession 0001140361-15-026660
Agritech Worldwide, Inc. · FBER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward B Smith III
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Jun 30, 2015
Accepted (ET)
Jul 2, 2015 · 7:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001052257
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.00005 par valueF1 | Jun 30, 2015 | J | 64,549 | — | A | 350,164 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF1,F2 | — | Jun 30, 2015 | J | 64,561 | D | — | — | Common Stock, $0.00005 par value | 64,561 | 0 | D |
Explanation of responses
- F1On June 30, 2015, in accordance with the terms of various exchange agreements, Z Trim Holdings, Inc. (the "Company") and the holders, including the reporting person, of certain of its outstanding warrants (the "Existing Warrants") exchanged (the "Exchange") Existing Warrants for shares of the Company's common stock, par value $0.00005 per share (the "Common Stock"). The number of shares of Common Stock received in the Exchange was the equivalent number of shares of Common Stock that would have been issued if the exercise price of the Existing Warrants had been $0.00005 per share. The holders of the shares of Common Stock received in the Exchange, including the reporting person, are prohibited from selling or transferring these shares for a period of one year from the date of issuance.
- F2The Existing Warrants were exercisable at the time of the Exchange and had expiration dates ranging from January 2011 to January 2016. Due to the application of anti-dilution provisions (a) the number of shares of Common Stock issuable upon exercise of the Existing Warrants increased from 18,077 shares to 64,561 shares, and (b) the exercise price of the Existing Warrants decreased from a range of $1.50-$1.25 to $0.35 per share.