SEC Form 4 · accession 0001493152-18-012165
Chanticleer Holdings, Inc. · BURG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Pruitt
Officer — CEO, Chairman · Director
Period of report
Aug 16, 2018
Accepted (ET)
Aug 16, 2018 · 5:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001106838
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Series 1 Preferred Stock | Aug 16, 2018 | A | 100 | $11.00 | A | 300 | I | By IRA |
| Common StockF6 | holding | — | — | — | 31,090 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series 1 WarrantsF4,F5,F1,F2,F3 | $11.00 | Aug 16, 2018 | P | 100 | A | — | — | Common | 1,000 | 300 | I |
Explanation of responses
- F1These warrants are exercisable at any time at any time and from time to time on or before the seventh anniversary of the date of issuance.
- F2These warrants expire in accordance with their terms and no later than on the seventh anniversary of their issue date.
- F3Each Series 1 Warrant is exercisable into 10 shares of common stock.
- F4The price is paid by surrendering one share of Series 1 Preferred stock.
- F5Avenel Financial Group, Inc. beneficially owns 150 warrants, as reported on a Form 4 filed May 8, 2017.
- F6Mr. Pruitt directly owns 17,256 shares of common stock; Mr. Pruitt's IRA beneficially owns 2,072 shares of common stock; and Avenel Financial Group, Inc. beneficially owns 11,762 shares of common stock.