SEC Form 4 · accession 0001179110-15-010186

YIELD10 BIOSCIENCE, INC. · YTEN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Matthew Strobeck

Director

Period of report

Jun 19, 2015

Accepted (ET)

Jun 23, 2015 · 4:00 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001121702

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F3	Jun 19, 2015	P	101,970	$3.32	A	1,486,136	D
Common Stock^F2,F3	Jun 19, 2015	P	43,700	$3.32	A	710,366	I	Owned by Birchview Fund LLC
Common Stock^F3,F4	holding	—	—		—	66,664	I	Owned as custodian
Common Stock^F3,F5	holding	—	—		—	14,949	I	By spouse as custodian UGMA for children
Common Stock^F3,F6	holding	—	—		—	6,819	I	As trustee

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Common Stock Warrants^F1	$3.98	Jun 19, 2015	P	91,773	A	Jun 29, 2015	Jun 29, 2019	Common Stock	91,773	91,773	D
Common Stock Warrants^F2	$3.98	Jun 19, 2015	P	39,330	A	Jun 19, 2015	Jun 19, 2019	Common Stock	39,330	39,330	I

Explanation of responses

F1The reported securities are included in 101,970 units of Issuer securities (the "Units") purchased by the reporting person for $3.4325 per Unit pursuant to a Securities Purchase Agreement, dated June 15, 2015 (the "Securities Purchase Agreement") by and among the Issuer, the reporting person and certain other qualified institutional and individual investors. Each Unit consists of one share of the Issuer's Common Stock, par value $0.01 per share ("Common Stock") and and nine-tenths of a Common Stock warrant to purchase one share of Common Stock at an exercise price of $3.98 per share (subject to adjustment in the event of stock splits, stock dividends, reclassifications and the like).
F2The reported securities are included in 43,700 Units purchased by Birchview Fund, LLC (the "Fund") for $3.4325 per Unit pursuant to the Securities Purchase Agreement. Mr. Strobeck is the sole member of Birchview Capital GP, LLC (the "GP"), the general partner of Birchview Capital, LP (the "Investment Manager"), which is the investment Manager of the Fund) and the sole member of Birchview Partners, LLC (the "Manager"), which is a member of the Fund. Mr. Strobeck disclaims Section 16 beneficial ownership of the shares of Common Stock held by the Fund (collectively, the "Fund Shares") and this report shall not be deemed an admission that such reporting person is the beneficial owner of such Fund Shares, except to the extent of his pecuniary interest, if any, in the Fund Shares by virtue of his membership interest in the GP.
F3The shares of Common Stock reported herein give effect to the 1-for-6 reverse stock split which became effective in accordance with the terms of the Certificate of Amendment to the Company's Amended and Restated Certificate of Incorporation filed with the Secretary of State of Delaware on May 26, 2015.
F4The reported securities are held in accounts for minor children for which the reporting person serves as a custodian. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F5The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F6These shares are held indirectly by a trust for the benefit of the reporting person's children. The reporting person is a trustee of the trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in them.