SEC Form 4 · accession 0001179110-19-000181
CREATIVE REALITIES, INC. · CREX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph M. Manko Jr.
Director
Period of report
Nov 14, 2018
Accepted (ET)
Jan 3, 2019 · 2:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001356093
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Nov 15, 2018 | P | 142,850 | $3.50 | A | 308,923 | I | By Horton Capital Partners Fund, LP ("HCPF") |
| Common StockF2 | Nov 15, 2018 | C | 116,118 | $7.65 | A | 425,041 | I | By HCPF |
| Common StockF3,F2 | Nov 19, 2018 | J | 204,220 | — | A | 629,261 | I | By HCPF |
| Common Stock | holding | — | — | — | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF1,F2 | $4.375 | Nov 15, 2018 | P | 71,425 | A | Nov 14, 2018 | Nov 14, 2023 | Common Stock | 71,425 | 71,425 | I |
| Series A Preferred StockF2,F4,F5 | $7.65 | Nov 15, 2018 | C | 116,118 | D | — | — | Common Stock | 116,118 | 0 | I |
| WarrantF2 | $4.20 | Nov 19, 2018 | J | 158,625 | A | Nov 19, 2018 | Nov 19, 2023 | Common Stock | 158,625 | 158,625 | I |
Explanation of responses
- F1Common Stock and Warrants purchased together at $3.50 per share with 50% warrant coverage.
- F2Pursuant to investment management agreements, Horton Capital Management, LLC ("HCM") maintains investment and voting power with respect to shares of common stock of the issuer held by HCPF. However, despite the delegation of investment and voting power to HCM, Horton Capital Partners, LLC ("HCP") may be deemed to be the beneficial owner of such securities under Rule 13d-3 of the Securities Exchange Act of 1934, as amended, because HCP has the right to acquire investment and voting power through termination of investment management agreements with HCM. HCP is the general partner of HCPF. Mr. Manko is the managing member of both HCM and HCP.
- F3Common Stock and Warrants received as one-time incentives in connection with signing a lock-up agreement in connection with, and participation in, the Issuer's public offering. This also includes common stock issued in connection with the final dividend payment.
- F4Currently exercisable
- F5No expiration date