SEC Form 4 · accession 0001437749-16-038440
Flux Power Holdings, Inc. · FLUX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Johnson
Director · 10% Owner
Period of report
Aug 16, 2016
Accepted (ET)
Sep 7, 2016 · 5:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001083743
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F4,F6,F3 | Aug 16, 2016 | A | 10,000,000 | $0.04 | A | 170,336,117 | I | see footnote |
| Common StockF2,F5,F6,F3 | Aug 31, 2016 | A | 12,500,000 | $0.04 | A | 184,836,117 | I | see footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents acquisition of 10,000,000 shares of common stock (at $0.04 per share) acquired by Esenjay Investments, LLC ("Esenjay") in consideration for cancellation of debt in the amount of $400,000.
- F2Represents acquisition of 12,500,000 shares of common stock (at $0.04 per share) acquired by Esenjay for $500,000 in cash.
- F3Securities are held by Esenjay. Mr. Johnson is the sole director and beneficial owner of this entity.
- F4Includes 13,333,333 shares of common stock convertible under the Unrestricted Line of Credit between Esenjay and the Issuer at $0.06 per share.
- F5Includes 15,333,333 shares of common stock convertible under the Unrestricted Line of Credit between Esenjay and the Issuer at $0.06 per share.
- F6Under a Side Letter, Esenjay agreed to limit its right of conversion under the Unrestricted Line of Credit to such number of Shares so that upon conversion, if any, it will not cause the Issuer to exceed the authorized number of shares of Common Stock.