SEC Form 4 · accession 0001072627-16-000126
KINGSWAY Corp · KWY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary Schaevitz
Director
Period of report
Aug 28, 2014
Accepted (ET)
Apr 11, 2016 · 11:41 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001072627
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Aug 28, 2014 | X | 2,000 | $4.50 | A | 314,110 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A WarrantF4,F1,F3 | $4.50 | Aug 28, 2014 | X | 2,000 | A | Aug 18, 2014 | Sep 15, 2020 | Common Stock | 2,000 | 0 | D |
Explanation of responses
- F1The Series A warrants were excercised at a strike price of $4.50 per warrant, which converted the previously held Series A warrants into common stock.
- F2Gary Schaevitz directly owns shares of common stock (158,344 shares), and indirectly by spouse (52,5000 shares), by trust for children (86,266), and by family members (17,000 shares).
- F3The original date exercisable was 09/16/2016, which was accelerated upon the issuer's notice to redeem the Series A Warrants on 08/18/2014.
- F4The Series A Warrants were originally acquired in the issuer's rights offering, whereby a Unit was issued at a price of $4.00 per unit. Each Unit comprises of one common stock, one Series A Warrant, and one Series B Warrant.