SEC Form 4 · accession 0001449374-17-000025
ULURU Inc. · ULUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 10:25 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001168220
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Call option (right to buy)F1 | $0.60 | Jul 29, 2015 | J | 2,000,000 | D | Aug 1, 2016 | Jul 31, 2022 | Common Stock | — | 0 | I |
| Put Option (obligation to buy)F1 | $0.25 | Jul 29, 2015 | J | 2,000,000 | D | Jan 1, 2016 | Jul 31, 2022 | Common Stock | — | 0 | I |
Explanation of responses
- F1Centric Capital Ventures LLC ("Centric Capital") is a party to a put and call agreement dated as of July 29, 2015 (the "Put and Call Agreement") under which Centric Capital acquired a call option on the shares of the Issuer's common stock owned by Michael I. Sacks ("M Sacks") and granted to M Sacks a put option with respect to his shares of the Issuer's common stock. On March 1, 2017, Centric Capital and M Sacks terminated the Put and Call Agreement without the payment of consideration by either party, thereby cancelling the put and call options thereunder.
Remarks
As the managing member of Centric Capital, Bradley J. Sacks ("B Sacks") is deemed to beneficially own the securities directly owned by Centric Capital. B Sacks, Centric Capital and M Sacks may be deemed to be members of a "group" within the meaning of Rule 13d-5(b) under the Securities Exchange Act of 1934 that is the beneficial owner of more than 10% of the Issuer's common stock.