SEC Form 4 · accession 0001144204-16-090559
CORETEC GROUP INC. · CRTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony Martin Keating
Director
Period of report
Mar 24, 2016
Accepted (ET)
Mar 28, 2016 · 3:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001375195
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B Convertible Preferred StockF2,F4,F1,F3 | — | Mar 24, 2016 | A | 19,266 | A | Mar 24, 2016 | — | Common Stock | 36,875,124 | 19,266 | D |
Explanation of responses
- F1Each share of Series B Convertible Preferred Stock is convertible into 1,914 shares of common stock.
- F2Pursuant to certain Securities Purchase Agreements dated December 11, 2015, 3DIcon Corporation (the "Company") had agreed to issue, and on March 24, 2016 issued, to certain officers, directors, consultants and service providers (collectively, "Recipients") and the Recipients had agreed to accept, and on March 24, 2016 received, shares of Series B Preferred Stock in consideration for the satisfaction, in lieu of cash payment, of an aggregate of $1,105,402.72 owed by the Company to the Recipients. Among the Recipients was the Reporting Person, a Director of the Company, who received 19,266 shares of Series B Preferred in satisfaction of $20,280.82 owed to him under certain notes and for services he provided to the Company.
- F3None.
- F4The price of the derivative security was not determined for this transaction as the issuance reported was made in consideration for the settlement of amounts owed to the Reporting Person.