SEC Form 4 · accession 0001213900-18-012354
Jerrick Media Holdings, Inc. · JMDA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leonard M Schiller
Director
Period of report
Aug 25, 2017
Accepted (ET)
Sep 11, 2018 · 7:21 am 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, par value $0.001 per share | Aug 31, 2018 | C | 978,293 | $0.164 | A | 979,657 | I | By Leonard M. Schiller Revocable Trust Dtd. 10/3/1997 |
| Common Stock, par value $0.001 per share | Aug 31, 2018 | C | 144,323 | $0.20 | A | 1,123,980 | I | By Leonard M. Schiller Revocable Trust Dtd. 10/3/1997 |
| Common Stock, par value $0.001 per share | Aug 31, 2018 | C | 136,094 | $0.20 | A | 1,260,074 | I | By Leonard M. Schiller Revocable Trust Dtd. 10/3/1997 |
| Common Stock, par value $0.001 per share | Aug 31, 2018 | C | 521,848 | $0.20 | A | 1,781,922 | I | By Leonard M. Schiller Revocable Trust Dtd. 10/3/1997 |
| Common Stock, par value $0.001 per shareF1 | Aug 31, 2018 | C | 505,897 | — | A | 555,897 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Cumulative Convertible Preferred StockF1 | $0.164 | Aug 31, 2018 | C | 1,364 | D | — | — | Common Stock | 978,293 | 0 | I |
| Convertible Promissory NoteF1 | $0.20 | Aug 25, 2017 | C | 144,323 | D | — | — | Common Stock | 144,323 | 0 | I |
| Convertible Promissory NoteF1 | $0.20 | Jan 30, 2018 | C | 136,094 | D | — | — | Common Stock | 136,094 | 0 | I |
| Convertible Promissory NoteF1 | $0.20 | Oct 19, 2017 | C | 505,897 | D | — | — | Common Stock | 505,897 | 0 | D |
| Warrant to Purchase Common StockF1 | $0.30 | Aug 31, 2018 | A | 890,280 | A | Aug 31, 2018 | Aug 31, 2023 | Common Stock | 890,280 | 890,280 | I |
| Warrant to Purchase Common StockF1 | $0.30 | Aug 31, 2018 | A | 252,949 | A | Aug 31, 2018 | Aug 31, 2023 | Common Stock | 252,949 | 252,949 | D |
Explanation of responses
- F1Effective August 31, 2018 Jerrick Media Holdings, Inc. (the "Company") entered into various letter agreements (the "Letter Agreements") with Mr. Leonard Schiller whereby the Company issued to Mr. Schiller an aggregate of 2,286,455 shares of common stock upon the conversion of outstanding shares preferred stock and debt securities held by Mr. Schiller. Further, as inducement to enter into the Letter Agreements, Mr. Schiller was issued two warrants to purchase an aggregate of 1,143,229 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.