SEC Form 4 · accession 0001213900-18-016281
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
Nov 8, 2018
Accepted (ET)
Nov 20, 2018 · 2:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001357671
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant to Purchase Common StockF1 | $0.30 | Nov 8, 2018 | J | 101,900 | A | Nov 8, 2018 | Nov 8, 2023 | Common Stock | 101,900 | 101,900 | D |
| Warrant to Purchase Common StockF1 | $0.30 | Nov 8, 2018 | J | 142,987 | A | Nov 8, 2018 | Nov 8, 2023 | Common Stock | 142,987 | 142,987 | D |
Explanation of responses
- F1On November 8, 2018 Jerrick Media Holdings, Inc. (the "Company") entered into two letter agreements (the "Letter Agreements") with Mr. Leonard Schiller whereby the Company issued to Mr. Schiller two warrants (the "Warrants") to purchase an aggregate of 244,887 shares of the Company's common stock with an exercise price of $0.30 per share in connection with Mr. Schiller's waiver and forbearance of the default provisions and maturity date, respectively, of two promissory notes previously issued to Mr. Schiller by the Company. Mr. Schiller was issued the Warrants as an inducement to enter into the Letter Agreements. No money was paid to the Company for the foregoing transactions.