SEC Form 4 · accession 0000899243-19-000989
CytoDyn Inc. · CYDY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Klump
Director
Period of report
Jan 8, 2019
Accepted (ET)
Jan 10, 2019 · 5:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001175680
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible Promissory NoteF3,F4,F1,F2 | $0.50 | Jan 8, 2019 | P | 500,000 | A | Jan 8, 2019 | Oct 8, 2019 | Common Stock | 1,000,000 | 500,000 | I |
| WarrantsF3,F4,F1 | $0.30 | Jan 8, 2019 | P | 500,000 | A | Jan 8, 2019 | Jan 8, 2024 | Common Stock | 500,000 | 500,000 | I |
Explanation of responses
- F1Subject to adjustment in the event of certain stock split or reverse stock split recapitalizations.
- F2Does not include additional shares issuable upon conversion of accrued interest.
- F3As part of a private offering to accredited investors, the reporting person purchased from the issuer for a combined price of $500,000 (i) a $500,000 convertible promissory note, bearing interest at 10.0% annually, which is convertible into shares of the issuer's common stock at an initial conversion price of $0.50 per share and matures on October 8, 2019, and (ii) a warrant covering 50% of the number of shares underlying the convertible promissory note with an exercise price of $0.30 per share and an expiration date of January 8, 2024.
- F4The reported securities are held by Argonne Trading LLC, a Georgia limited liability company ("Argonne Trading"). Argonne Capital Group LLC, a Georgia limited liability company ("Argonne Capital"), is the sole member of Argonne Trading. Michael A. Klump is Manager, President and Chief Executive Officer of Argonne Capital. Mr. Klump disclaims beneficial ownership of the securities held by Argonne Trading, except to the extent of his pecuniary interest therein.