SEC Form 4 · accession 0001144204-18-007132
PROTALEX INC · PRTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arnold P Kling
Officer — President · Director · 10% Owner
Period of report
Feb 8, 2018
Accepted (ET)
Feb 12, 2018 · 10:19 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001099215
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 22,576,087 | I | By LLC | |
| Common StockF2 | holding | — | — | — | 5,000 | D | ||
| Common StockF3 | holding | — | — | — | 62 | I | By wife as UGMA custodian |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF4 | $0.54 | Feb 8, 2018 | A | 600,000 | A | Feb 8, 2018 | Feb 8, 2023 | Common Stock | 600,000 | 600,000 | D |
Explanation of responses
- F1These securities are owned directly by Niobe Ventures, LLC and indirectly by Arnold P. Kling as manager of the LLC.
- F2These securities are beneficially owned solely by Arnold P. Kling.
- F3These shares are beneficially owned by Arnold P. Kling's wife as custodian for their children under the Uniform Gifts to Minors Act. Mr. Kling disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for the purposes of Section 16 or for any other purpose.
- F4Granted on February 8, 2018 (the "Grant Date"), this option is exercisable to acquire 50% of the underlying shares on the Grant Date and 100% of the shares on or after the one-year anniversary of the Grant Date.