SEC Form 4 · accession 0001144204-16-123813
XWELL, Inc. · XWEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Abbe
Director
Period of report
Sep 12, 2016
Accepted (ET)
Sep 14, 2016 · 8:46 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001410428
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Sep 12, 2016 | P | 100,000 | $2.10 | A | 106,779 | I | See Footnote |
| Common StockF2 | Sep 12, 2016 | P | 52,005 | $2.1297 | A | 158,784 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These securities were purchased in a privately negotiated transaction entered into between the reporting person and an employee of the issuer who is an existing stockholder.
- F2These securities are held by Iroquois Master Fund Ltd. (the "Fund"). Mr. Abbe is a member of Iroquois Capital Management L.L.C, who has the authority and responsibility for the investments made on behalf of the Fund and as such may be deemed to be the beneficial owner of all shares of common stock held by the Fund. Mr. Abbe disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.