SEC Form 4 · accession 0001493152-18-003127
POLARITYTE, INC. · PTE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Denver Lough
Officer — CEO and CSO · Director
Period of report
Mar 6, 2018
Accepted (ET)
Mar 8, 2018 · 9:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001076682
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001F1 | Mar 6, 2018 | C | 7,050,000 | $1.00 | A | 7,050,000 | D | |
| Common Stock, par value $0.001F2 | Mar 6, 2018 | J | 797,296 | — | A | 797,296 | I | See Note |
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 | $1.00 | Mar 6, 2018 | C | 7,050 | D | Apr 5, 2017 | — | Common Stock | 7,050,000 | 0 | D |
Explanation of responses
- F1Represents shares of common stock issued upon conversion of 7,050 shares of Series E Convertible Preferred Stock at a conversion price of $1.00 per share.
- F2GRQ Consultants, Inc. and several other parties to the exchange agreements entered into with the Issuer on March 6, 2018 granted an irrevocable proxy to the Reporting Person, the Issuer's Chief Executive Officer, to vote 797,296 shares of common stock at any time a vote of the stockholders of the Issuer is held.
- F3Such convertible preferred stock has no expiration date.