SEC Form 4/A · accession 0001647488-15-000176
SKINVISIBLE INC · SKVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
E Greg McCartney
Director
Period of report
Oct 1, 2015
Accepted (ET)
Nov 19, 2015 · 5:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001085277
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt Conversion RightsF1 | $0.02 | Oct 1, 2015 | J | 540,000 | A | Oct 1, 2015 | Dec 30, 2020 | Common stock | 540,000 | 1,840,000 | D |
| Debt Conversion Rights (Warrant)F1 | $0.03 | Oct 1, 2015 | J | 270,000 | A | Oct 1, 2015 | Dec 30, 2023 | Common stock | 270,000 | 2,110,000 | D |
Explanation of responses
- F1On October 1, 2015 the Issuer entered into a Debt Conversion Agreement with Mr. McCartney totaling $10,800.00. Under the terms of the Debt Conversion Agreement, Mr. McCartney has the right to convert the debt amount into common stock of the Issuer as well as a warrant agreement to purchase one share for every two shares acquired. The expiration date on the warrant is 3 years from the date of conversion.