SEC Form 4 · accession 0001144204-15-034713
Research Solutions, Inc. · RSSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory Suess
Director
Period of report
May 22, 2015
Accepted (ET)
Jun 1, 2015 · 1:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001386301
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 22, 2015 | A | 25,000 | $0.00 | A | 25,000 | D | |
| Common Stock | May 22, 2015 | J | 25,000 | $0.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to purchase common stock | $1.05 | May 22, 2015 | A | 50,000 | A | May 22, 2015 | May 21, 2025 | Common Stock | 50,000 | 50,000 | D |
| Warrant to purchase common stockF2 | $1.25 | May 22, 2015 | D | 50,000 | D | — | Nov 5, 2015 | Common Stock | 50,000 | 0 | D |
| Warrant to purchase common stockF2 | $1.25 | May 22, 2015 | A | 50,000 | A | — | Nov 5, 2020 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1The reporting person transferred the shares without consideration to a limited liability company in which the reporting person has a membership interest but does not have voting or investment control.
- F2The two reported transactions involved an amendment of an outstanding warrant to extend the maturity date to November 5, 2020, resulting in the deemed cancellation of the "old" warrant and the grant of a replacement warrant.