SEC Form 5 · accession 0001079973-15-000289
GB SCIENCES INC · GBLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
LAZARUS INVESTMENT PARTNERS LLLP
10% Owner
Justin B Borus
10% Owner
Lazarus Management Co LLC
10% Owner
Period of report
Mar 31, 2015
Accepted (ET)
Apr 17, 2015 · 5:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001165320
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Oct 14, 2014 | L | 500 | $0.68 | A | 4,691,479 | I | See Footnotes |
| Common StockF1,F2,F3 | Oct 15, 2014 | L | 200 | $0.7075 | A | 4,691,479 | I | See Footnotes |
| Common StockF1,F2,F3 | Oct 16, 2014 | L | 500 | $0.74 | A | 4,691,479 | I | See Footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Not required to be reported earlier because transactions collectively qualify as a "small acquisition" under Rule 16a-6 promulgated under the Securities Exchange Act of 1934.
- F2This form is filed jointly by Lazarus Management Company LLC ("Lazarus Management"), Justin B. Borus, Lazarus Israel Opportunities Fund LLLP ("Lazarus Israel") and Lazarus Investment Partners LLLP ("Lazarus Partners" and together with Lazarus Israel, the "Funds"). The securities reported herein are owned directly by Lazarus Partners, which directly owns 3,269,632 shares of common stock and Lazarus Israel, which directly owns 1,421,847 shares of common stock. Lazarus Management is the investment adviser and general partner of the Funds and Mr. Borus is the managing member of Lazarus Management.
- F3Each of Lazarus Management and Mr. Borus expressly disclaims beneficial ownership of the shares held by the Funds, in each case, except to the extent of his or its pecuniary interest therein. Each of the Funds expressly disclaims beneficial ownership of the shares held by the other Fund.