SEC Form 4 · accession 0001553350-15-000658
ECOSPHERE TECHNOLOGIES INC · ESPH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Brisben
10% Owner
Period of report
Jun 19, 2015
Accepted (ET)
Jun 23, 2015 · 4:10 pm EDT
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 September 12, 2015F1 | $0.115 | Jun 19, 2015 | P | — | A | Jun 19, 2015 | Sep 12, 2015 | Common Stock | 2,173,913 | — | I |
| Common Stock WarrantsF1 | $0.115 | Jun 19, 2015 | P | 4,347,826 | A | Jun 19, 2015 | Jun 19, 2020 | Common Stock | 4,347,826 | 4,347,826 | I |
Explanation of responses
- F1In connection with a $250,000 loan, the issuer issued the reporting person a Convertible Note bearing interest at 10% annually which is convertible into shares of the issuer's common stock at $0.115 per share. The number of shares reported as securities underlying the Convertible Note do not include additional shares issuable upon conversion of accrued interest. As additional consideration, the issuer issued the reported warrants to the reporting person.