SEC Form 4 · accession 0001408408-15-000046
Marker Therapeutics, Inc. · MRKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Kenneth Bryan Dart
10% Owner
Eastern Capital LTD
10% Owner
Portfolio Services Ltd.
10% Owner
Period of report
Sep 9, 2015
Accepted (ET)
Sep 11, 2015 · 4:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001094038
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Sep 9, 2015 | X | 10,000,000 | $0.20 | A | 20,000,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B-1 WarrantF1,F2 | $0.20 | Sep 9, 2015 | X | 10,000,000 | D | Mar 9, 2015 | Sep 9, 2015 | Common Stock | 10,000,000 | 0 | D |
Explanation of responses
- F15,000,000 of the reported securities are included within 5,000,000 Units, each Unit, as amended pursuant to the Amended and Restated Restructuring Agreement dated June 2, 2015, consists of one share of common stock, one Series A-1 Warrant exercisable in whole or in part to acquire up to 5,000,000 shares of common stock, one Series B-1 Warrant exercisable in whole or in part to acquire up to 10,000,000 shares of common stock, one Series C-1 Warrant exercisable in whole or in part to acquire up to 10,000,000 shares of common stock, one Series D-1 Warrant exercisable in whole or in part to acquire up to 5,000,000 shares of common stock and one Series E-1 Warrant exercisable in whole or in part to acquire up to 5,000,000 shares of common stock.
- F2On September 9, 2015 Eastern Capital Limited exercised in full the Issuer's Series B-1 Warrant at an exercise price of $0.20 per share and acquired an additional 10,000,000 shares of common stock.
Remarks
Eastern Capital Limited is an investment entity that owns the securities reported on this Form 4. Portfolio Services Ltd. is a holding company which owns all of the outstanding stock of Eastern Capital Limited. Kenneth B. Dart is the beneficial owner of all of the outstanding stock of Portfolio Services Ltd.