SEC Form 4 · accession 0001214659-15-002541
Lite Strategy, Inc. · LITS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vivo Ventures V, LLC
10% Owner
Period of report
Mar 24, 2015
Accepted (ET)
Mar 26, 2015 · 3:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001262104
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 24, 2015 | O | 26,445 | $3.12 | A | 206,460 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant to Purchase Common StockF2 | $3.12 | Mar 24, 2015 | O | 24,401 | A | Dec 18, 2012 | Dec 18, 2017 | Common Stock | 24,401 | 0 | I |
Explanation of responses
- F1On March 24, 2015, Vivo Ventures V, LLC exercised a warrant to purchase 24,401 shares of Common Stock for $3.12 per share on a cashless basis, resulting in the acquisition of 26,445 shares of common stock. 204,343 shares are held of record by Vivo Ventures Fund V., L.P., and 2,117 shares are held of record by Vivo Ventures V Affiliates Fund, L.P. (together, the "Vivo V Funds"). Vivo Ventures V, LLC (the "Vivo V GP"), as the sole general partner of both the Vivo V Funds, may be deemed to beneficially own the Common Stock of the Issuer owned by the Vivo V Funds. Vivo V GP disclaims beneficial ownership of the shares except to the extent of its pecuniary interest therein.
- F2Vivo Ventures V, LLC is the general partner of Vivo Ventures Fund V, L.P. and Vivo Ventures V Affiliates Fund, L.P. Vivo Ventures Fund V, L.P. converted 24,151 shares of warrant stock to common stock and Vivo Ventures V Affiliates Fund, L.P. converted 250 shares of warrant stock to common stock.