SEC Form 4 · accession 0001493152-16-013032

VPR Brands, LP. · VPRB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CEO, Chairman & Director · Director · 10% Owner

Period of report

Jun 16, 2016

Accepted (ET)

Sep 1, 2016 · 12:59 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	Jun 16, 2016	J	1,000,000	$0.01	A	21,589,408	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Right to Buy^F1,F2	$0.01	Jun 16, 2016	J	1,000,000	D	May 29, 2015	Sep 5, 2016	Common Units	1,000,000	20,000,000	D

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 Common Units at a purchase price of $0.01 per unit ("Right to Buy"). The Right to Buy was exercisable on May 29, 2015 and expires on September 5, 2016. On June 4, 2015, March 28, 2016, May 23, 2016, and May 31, 2016, Reporting Person partially exercised the Right to Buy to purchase 10,000,000, 15,000,000, 2,000,000, and 2,000,000 Common Units, respectively, at a purchase price of $0.01 per unit (for an aggregate of $100,000, $150,000, $20,000 and $20,000, respectively), leaving a balance as of May 31, 2016 of 21,000,000 Common Units to purchase at $0.01 per unit under the Right to Buy.
F2On June 16, 2016 (as reported herein), the Reporting Person further partially exercised the Right to Buy to purchase 1,000,000 Common Units at a purchase price of $0.01 per unit (for an aggregate of $10,000), leaving a balance of 20,000,000 Common Units to purchase at $0.01 per unit under the Right to Buy.