SEC Form 4 · accession 0001441557-16-000059

WHITE MOUNTAIN TITANIUM CORP · WMTM

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director · 10% Owner

Period of report

Mar 16, 2016

Accepted (ET)

Mar 18, 2016 · 6:11 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001284766

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Series A Preferred Stock^F2,F1	$0.12	Mar 16, 2016	P	100	A	Mar 16, 2016	—	Common Stock	100	100	I
Warrants^F2	$0.30	Mar 16, 2016	P	8,333,333	A	Mar 16, 2016	Mar 16, 2019	Common Stock	8,333,333	8,333,333	I
7% Senior Convertible Note^F3,F2,F4	$0.12	Mar 16, 2016	P	16,666,667	A	Mar 16, 2016	Mar 16, 2018	Series A Preferred Stock	16,666,667	16,666,667	I

F1No Expiration Date.
F2Derivative Securities are held by Nexo WMTM Holdings, LLC, of which Mr. Sloop is a Partner. Mr. Sloop disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
F3Represents the number of shares of Series A Preferred stock issuable upon conversion of the principal amount of the convertible note. Interest on this note accrues at 7% per annum and is likewise convertible at $0.12 per Series A Preferred Share.
F4The Note matures on March 16, 2018. Principal and interest on the Note are due at maturity.