SEC Form 4 · accession 0001144204-17-018876

Protea Biosciences Group, Inc. · PRGB

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

Reporting owner

Stanley Hostler

Officer — Secretary · Director · 10% Owner

Period of report

Mar 24, 2017

Accepted (ET)

Apr 4, 2017 · 4:26 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001335103

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F3	Mar 24, 2017	J	6,000,000	$0.00	A	15,761,027	D
Common Stock^F4,F3	Mar 24, 2017	J	3,333,333	$0.00	A	15,761,027	I	By spouse

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Class A Warrant (right to buy)^F1,F2,F5	$0.09	Mar 24, 2017	J	6,000,000	A	Mar 24, 2017	Sep 24, 2018	Common Stock	6,000,000	22,299,859	D
Class B Warrant (right to buy)^F1,F2,F5	$0.1125	Mar 24, 2017	J	6,000,000	A	Mar 24, 2017	Mar 24, 2022	Common Stock	6,000,000	22,299,859	D
Class A Warrant (right to buy)^F1,F2,F4,F5	$0.09	Mar 24, 2017	J	3,333,333	A	Mar 24, 2017	Sep 24, 2018	Common Stock	3,333,333	22,299,859	I
Class B Warrant (right to buy)^F1,F2,F4,F5	$0.1125	Mar 24, 2017	J	3,333,333	A	Mar 24, 2017	Mar 24, 2022	Common Stock	3,333,333	22,299,859	I

Explanation of responses

F1Mr. Hostler held $450,000 of outstanding principal indebtedness and accrued unpaid interest of the Issuer ("Unsecured Debt"). On March 24, 2017, Mr. Hostler exchanged $450,000 of Unsecured Debt of the Issuer, for units of the Issuer's equity securities, consisting of (a) an aggregate of 6,000,000 shares of common stock, $0.0001 par value per share of the Issuer ("Common Stock"), valued at $0.075 per share, (b) 18 month Class A warrants to purchase 6,000,000 shares of Common Stock at an exercise price of $0.09 per share ("Class A Warrant"), and (c) five year Class B warrants to purchase another 6,000,000 shares at an exercise price of $0.1125 per share ("Class B Warrant").
F2The shares of Common Stock reported in Column 5 and 7 are the number of shares of Common Stock issuable upon exercise of the Class A Warrant and/or Class B Warrant.
F3Includes 6,206,637 shares of Common Stock held by Mr. Hostler's wife, Virginia Child.
F4Mr. Hostler's wife, Virginia Child, held $250,000 of outstanding principal indebtedness and accrued unpaid interest of the Issuer ("Unsecured Debt"). On March 24, 2017, Ms. Child exchanged $250,000 of Unsecured Debt of the Issuer, for units of the Issuer's equity securities, consisting of (a) an aggregate of 3,333,333 shares of Issuer Common Stock, valued at $0.075 per share, (b) 18 month Class A Warrants to purchase 3,333,333 shares of Common Stock at an exercise price of $0.09 per share, and (c) five year Class B Warrants to purchase another 3,333,333 shares at an exercise price of $0.1125 per share.
F5Includes 732,667 shares of Common Stock to be acquired upon the exercise of stock options and 21,567,192 shares of Common Stock to be acquired upon the exercise of warrants, including 8,242,988 warrants held by Mr. Hostler wife, Virginia Child.