SEC Form 4/A · accession 0001002014-16-000565
SMARTCHASE CORP. · SCHS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Thomas Lawrence Jones
Officer — Director, Interim CEO · Director
Period of report
Dec 31, 2015
Accepted (ET)
Jan 19, 2016 · 3:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001390533
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible DebenturesF1,F2 | — | Dec 31, 2015 | P | 250 | A | Dec 31, 2015 | Jun 17, 2017 | Common Stock | — | 250 | I |
Explanation of responses
- F1On December 31, 2015 SmartChase Corp. issued 250 Convertible Debentures at a price of $1,000 per Convertible Debenture, to Northern Coast Financial Inc. for an aggregate of $250,000.00. Thomas Jones is the President and Chief Executive Officer of Northern Coast Financial Inc.
- F2The Debentures have a term of eighteen (18) months from December 31, 2015 (the "Maturity Date"), bear interest at a rate of 14% per annum, payable on the Maturity Date, shall be converted into common shares of the Corporation ("Debenture Shares") at the following conversion price: $0.07 per share within six (6) months of issuance, $0.10 per share between six (6) to twelve (12) months, and $0.15 per share between twelve (12) to eighteen (18) months.