SEC Form 4 · accession 0001553350-16-002003
GelTech Solutions, Inc. · GLTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Lloyd Reger
Officer — President · 10% Owner
Period of report
Apr 29, 2016
Accepted (ET)
May 10, 2016 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001403676
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 29, 2016 | A | 296,371 | — | A | 18,192,945 | D | |
| Common Stock | holding | — | — | — | 750,000 | I | By grantor retained annuity trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7.5% Convertible NoteF2 | $0.36 | May 9, 2016 | A | 416,668 | A | — | Dec 31, 2020 | Common Stock | 416,668 | 416,668 | D |
| Common Stock WarrantsF3,F2 | $2.00 | May 9, 2016 | A | 208,334 | A | — | — | Common Stock | 208,334 | 208,334 | D |
Explanation of responses
- F1Issued in lieu of $148,365 cash interest due under a convertible note.
- F2Convertible and Exercisable, as applicable, on the Transaction Date. The expiration date on the warrants is two years from the Transaction Date.
- F3Issued in connection with the $150,000 loan described in the row above this reported transaction.