SEC Form 4 · accession 0001213900-18-012278
Jerrick Media Holdings, Inc. · JMDA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeremy Frommer
Officer — Chief Executive Officer · Director
Period of report
Apr 17, 2018
Accepted (ET)
Sep 7, 2018 · 4:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001357671
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 31, 2018 | C | 178,992 | $0.20 | A | 11,674,876 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible Promissory NoteF1 | $0.20 | Apr 17, 2018 | P | 178,992 | A | Apr 17, 2018 | — | Common Stock | 178,992 | 178,992 | D |
| Convertible Promissory NoteF1 | $0.20 | Aug 31, 2018 | C | 178,992 | D | Apr 17, 2018 | — | Common Stock | 178,992 | 0 | D |
| Warrants to Purchase Common StockF2 | $0.20 | Jun 29, 2018 | P | 30,000 | A | Jun 29, 2018 | Jun 29, 2022 | Common Stock | 30,000 | 30,000 | D |
| Warrant to Purchase Common StockF1 | $0.30 | Aug 31, 2018 | A | 89,496 | A | Aug 31, 2018 | Aug 31, 2023 | Common Stock | 89,496 | 89,496 | D |
Explanation of responses
- F1Effective August 31, 2018 Jerrick Media Holdings, Inc. (the "Company") entered into a letter agreement (the "Letter Agreement") with Mr. Jeremy Frommer whereby the Company issued to Mr. Frommer an aggregate of 178,992 shares of common stock upon the conversion of outstanding debt securities held by Mr. Frommer. Further, as inducement to enter into the Letter Agreement, Mr. Frommer was issued a warrant to purchase 89,496 shares of the Company's common stock with an exercise price of $0.30 per share. No money was paid to the Company for the foregoing transactions.
- F2The 30,000 warrants to purchase shares of the Company's common stock were issued to Mr. Frommer in connection with a loan made to the Company in the principal amount of $10,000.