SEC Form 5 · accession 0001448402-17-000003
Heron Lake BioEnergy, LLC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Project Viking, LLC
10% Owner
Period of report
Dec 31, 2013
Accepted (ET)
Mar 10, 2017 · 10:35 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001286964
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A UnitsF1 | Sep 18, 2013 | C | 340,000 | $0.30 | A | 24,420,949 | D | |
| Class B Units | holding | — | — | — | 15,000,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7.25% Subordinated Secured Notes Due 2018F2,F3 | $0.30 | Sep 18, 2013 | C | — | A | Oct 1, 2013 | Oct 1, 2018 | Class A Units | 340,000 | 0 | D |
Explanation of responses
- F1Represents Class A Units acquired by the Reporting Person upon conversion of the 7.25% Subordinated Secured Notes Due.
- F2Pursuant to the subordinated loan agreement and the 7.25% Subordinated Secured Notes Due 2018 (the Notes), the issuer issued a notice dated 8/20/2013 requesting holders of the Notes elect to (i) exchange their Notes for new subordinated notes to be issued under an indenture or (ii) convert their Notes into Class A units. On 8/21/2013, the Reporting Person elected to convert the $102,000 of Notes into Class A units. The effective date of conversion/exchange was 9/18/2013.
- F3The principal amount of the 7.25% Subordinated Secured Notes converted into Class A Units of Heron Lake BioEnergy, LLC at a conversion rate of $.30 per unit.