SEC Form 4 · accession 0001213900-17-001911
Agritech Worldwide, Inc. · FBER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward B Smith III
Director · 10% Owner
Period of report
Dec 12, 2016
Accepted (ET)
Mar 2, 2017 · 6:38 am EST
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 | Dec 12, 2016 | J | 31,868,774 | $0.00 | A | 32,218,938 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF1,F2 | — | Dec 12, 2016 | J | 31,868,774 | D | — | — | Common stock, $0.00005 par value | 31,868,774 | 0 | D |
Explanation of responses
- F1On December 12, 2016, in accordance with the terms of various exchange agreements, Agritech Worldwide, Inc. (the "Company") and the holders, including the reporting person, of all of the Company's outstanding warrants (the "Warrants") exchanged (the "Exchange") the Warrants for shares of the Company's common stock, par value $0.00005 per share (the "Common Stock") on a one-for-one basis. The holders of the shares of Common Stock received in the Exchange, including the reporting person, are prohibited from selling or transferring these shares until March 11, 2017.
- F2All 31,868,774 Warrants were exercisable at the time of the Exchange with 868,774 of the Warrants issued in January 2015 and 31,000,000 of the Warrants issued in February 2015. The 868,774 Warrants expired in January 2020 and had an exercise price of $0.64 per share. The 31,000,000 Warrants expired in February 2020 and had an exercise price of $0.45 per share.