SEC Form 4 · accession 0001553350-15-000149
ECOSPHERE TECHNOLOGIES INC · ESPH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jimmac G Lofton
Director
Period of report
Feb 16, 2015
Accepted (ET)
Feb 17, 2015 · 4:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001071760
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10% Convertible Note due 2015F1 | $0.30 | Feb 16, 2015 | H | — | D | Dec 23, 2013 | Dec 23, 2015 | Common Stock | 166,666 | — | D |
| 10% Convertible Note due 2016F1 | $0.12 | Feb 16, 2015 | A | — | A | Feb 16, 2015 | Jan 8, 2016 | Common Stock | 166,666 | — | D |
| Common Stock Warrants (right to buy)F2 | $0.35 | Feb 16, 2015 | H | 333,332 | D | Dec 23, 2013 | Dec 23, 2018 | Common Stock | 333,332 | 0 | D |
| Common Stock Warrants (right to buy)F2 | $0.12 | Feb 16, 2015 | A | 333,332 | A | Feb 16, 2015 | Jan 8, 2019 | Common Stock | 333,332 | 333,332 | D |
Explanation of responses
- F1The two reported transactions involved the amendment of an outstanding convertible note to reduce the conversion price from $0.30 a share to $0.12 a share. The amendment is reported above as the cancellation of the "old" note and the acquisition of a new one. The transactions were approved in advance by the issuer's board of directors.
- F2The two reported transactions involved the amendment of an outstanding warrant to reduce the exercise price from $0.35 a share to $0.12 a share. The amendment is reported above as the cancellation of the "old" warrant and the acquisition of a new one. The transactions were approved in advance by the issuer's board of directors.