SEC Form 4 · accession 0001213900-17-001952
Agritech Worldwide, Inc. · FBER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Efrem Kahn
Officer — Chief Executive Officer · Director
Period of report
Dec 12, 2016
Accepted (ET)
Mar 3, 2017 · 6:01 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,F2 | Dec 12, 2016 | J | 900,000 | $0.00 | A | 7,367,931 | D | |
| Common stock, $0.00005 par valueF3,F2 | Dec 12, 2016 | A | 415,732 | $0.00 | A | 7,783,663 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants | $0.64 | Dec 12, 2016 | J | 500,000 | D | Dec 23, 2015 | Dec 23, 2020 | Common stock, $0.00005 par value | 500,000 | 0 | D |
| Warrants | $0.64 | Dec 12, 2016 | J | 400,000 | D | Mar 2, 2016 | Mar 2, 2021 | Common stock, $0.00005 par value | 400,000 | 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 of all of the Company's outstanding warrants (the "Warrants"), including the reporting person, 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.
- F2Includes 400,000 shares that are held through the reporting person's individual retirement account.
- F3The 7,783,663 shares of Common Stock includes 415,732 shares that were required to be issued to the reporting person pursuant to the terms of his employment agreement with the Company.