SEC Form 4 · accession 0001449374-17-000027
ULURU Inc. · ULUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Ivan Sacks
10% Owner · Other
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 10:28 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 (obligation to sell)F1 | $0.60 | Jul 29, 2015 | J | 2,000,000 | D | Aug 1, 2016 | Jul 31, 2022 | Common Stock | — | 0 | D |
| Put Option (right to sell)F1 | $0.25 | Jul 29, 2015 | J | 2,000,000 | D | Jan 1, 2016 | Jul 31, 2022 | Common Stock | — | 0 | D |
Explanation of responses
- F1The Reporting Person and Centric Capital Ventures LLC ("Centric Capital") are parties 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 the Reporting Person and granted to the Reporting Person a put option with respect to his shares of the Issuer's common stock. On March 1, 2017, the Reporting Person and Centric Capital terminated the Put and Call Agreement without the payment of consideration by either party, thereby cancelling the put and call options thereunder.
Remarks
The Reporting Person, Bradley J. Sacks and Centric Capital 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.