SEC Form 4 · accession 0000899243-17-029658

REED'S, INC. · REED

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

Reporting owner

10% Owner

Period of report

Dec 27, 2017

Accepted (ET)

Dec 28, 2017 · 1:46 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001140215

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Dec 27, 2017	P	2,666,667	$1.50	A	3,433,334	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Convertible Promissory Note^F2	$1.50	Dec 27, 2017	J	1,133,334	A	Dec 27, 2017	Apr 21, 2021	Common Stock	2,266,667	2,266,667	D
Warrant^F1	$2.025	Dec 27, 2017	P	1,333,333	A	Dec 27, 2017	Dec 27, 2020	Common Stock	1,333,333	1,333,333	D

F1In the Issuer's rights offering to its shareholders, the Reporting Person purchased 2,666,667 Units (with each Unit consisting of (i) 1 share of Common Stock and (ii) a Warrant to purchase 1/2 share of Common Stock) at a purchase price of $1.50 per unit. The purchase of the shares is reported on Table I and the purchase of the Warrant is reported on the second line of Table II.
F2In connection with the Reporting Person's backstop commitment agreement to purchase Units in the Issuer's rights offering, the Reporting Person agreed to extend the Maturity Date of the previously-outstanding Convertible Promissory Note in the principal amount of $3,400,000 from April 21, 2019 to April 21, 2021, and the Issuer agreed to reduce the conversion price from $3.00 per share to $1.50 per share.