SEC Form 4 · accession 0001607062-15-000426
Mojo Organics, Inc. · MOJO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Spinner
Officer — Chief Operating Officer · Director · 10% Owner
Period of report
Aug 13, 2015
Accepted (ET)
Sep 16, 2015 · 5:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001414953
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.001 par valueF2,F1 | Aug 13, 2015 | P | 750,000 | $0.20 | A | 2,398,352 | I | Wyatts Torch Equity Partners LP |
| Common Stock, $.001 par value | holding | — | — | — | 150,000 | I | Peter & Stephanie Spinner JTTF | |
| Common Stock, $.001 par valueF4 | holding | — | — | — | 10,000 | I | Stephanie Spinner IRA | |
| Common Stock, $.001 par value | holding | — | — | — | 1,575,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Purchase WarrantF1,F2 | $0.40 | Aug 13, 2015 | P | 1,500,000 | A | Aug 13, 2015 | Aug 13, 2020 | Common, par value $.001 | 1,500,000 | 1,500,000 | I |
| Common Stock Purchase WarrantF1 | $0.91 | holding | — | — | — | Mar 13, 2014 | Mar 13, 2019 | Common, par value $.001 | 732,905 | 732,905 | I |
| Stock OptionsF3 | $0.255 | holding | — | — | — | — | Aug 14, 2019 | Common, par value $.001 | 192,000 | 192,000 | D |
Explanation of responses
- F1Mr. Spinner is the portfolio manager and also the managing member of the general partner of Wyatts Torch Equity Partners LP, and as such, controls the voting and disposition of such shares. Mr. Spinner disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Spinner is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F2On August 13, 2015, Wyatts Torch Equity Partners LP purchased 750,000 shares of common stock of the company and a common stock purchase warrant (the "Warrant") to purchase 1,500,000 shares of common stock exercisable at $0.40 per share.
- F3The options become exercisable in four equal installments on February 14, 2015, August 14, 2015, February 14, 2016 and August 14, 2016.
- F4Mr. Spinner disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Spinner is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.