SEC Form 4 · accession 0001493152-16-008385
VPR Brands, LP. · VPRB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Frija
Officer — CEO, Chairman & Director · Director · 10% Owner
Period of report
Mar 28, 2016
Accepted (ET)
Mar 30, 2016 · 12:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001376231
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units | Mar 28, 2016 | J | 15,000,000 | $0.01 | A | 16,589,408 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Right to Buy | $0.01 | Mar 28, 2016 | J | 15,000,000 | D | May 29, 2015 | Sep 5, 2016 | Common Units | 15,000,000 | 25,000,000 | D |
Explanation of responses
- F1On May 29, 2015, Reporting Person entered into a Share Purchase Agreement with the Issuer, whereby Issuer granted Reporting Person a right to buy up to 50,000,000 shares of Common Units at a purchase price of $0.01 per share ("Right to Buy"). The Right to Buy was exercisable on May 29, 2015 and expires on September 5, 2016. On June 4, 2015, Reporting Person partially exercised the Right to Buy to purchase 10,000,000 shares of Common Units at a purchase price of $0.01 per share (for an aggregate of $100,000) , leaving a balance of 40,000,000 shares of Common Units to purchase at $0.01 per share under the Right to Buy. On March 24, 2016 (as reported herein), the Reporting Person further partially exercised the Right to Buy to purchase 15,000,000 shares of Common Units at a purchase price of $0.01 per share (for an aggregate of $150,000), leaving a balance of 25,000,000 shares of Common Units to purchase at $0.01 per share under the Right to Buy