SEC Form 4 · accession 0001415889-15-002532
NextPlat Corp · NXPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Phipps
Officer — CHIEF EXECUTIVE OFFICER · Director
Period of report
Jul 15, 2015
Accepted (ET)
Aug 3, 2015 · 10:06 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001058307
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 15, 2015 | S | 200,000 | $0.80 | D | 200,000 | D | |
| Common StockF1 | Jul 15, 2015 | C | 200,000 | — | A | 400,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series E Convertible Preferred StockF3,F2 | — | Jul 15, 2015 | S | 180,000 | D | — | — | Common Stock | 1,800,000 | 0 | D |
| Series E Convertible Preferred StockF2 | — | Jul 15, 2015 | S | 50,000 | D | — | — | Common Stock | 500,000 | 0 | D |
| Series E Convertible Preferred StockF2 | — | Jul 15, 2015 | C | 20,000 | D | — | — | Common Stock | 200,000 | 0 | D |
Explanation of responses
- F1The Reporting Person acquired 200,000 shares of common stock of the Issuer in connection with a conversion of 20,000 shares of Series E Preferred Stock.
- F2Each share of Series E Preferred Stock is convertible into ten (1) shares of common stock and has no conversion price, exercisable date, or expiration date.
- F3The market price for the underlying shares of common stock, on a per share basis, was $0.80.