SEC Form 3 · accession 0001250853-18-000106

Bone Biologics Corp · BBLG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners

Don Hankey

Officer — Chairman of the Board · Director · 10% Owner

HANKEY CAPITAL, LLC

10% Owner

Don Hankey Trust

10% Owner

Period of report

Jul 16, 2018

Accepted (ET)

Jul 26, 2018 · 7:48 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001419554

Table I — non-derivative securities

Security	Date	Code	Shares	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2,F8	holding	—	—	—	3,865,058	I	By Hankey Capital, LLC
Common Stock^F1,F3,F8	holding	—	—	—	1,139,240	I	By Hankey Capital, LLC
Common Stock^F1,F4	holding	—	—	—	361,640	I	By Don Hankey Trust
Common Stock^F1,F5	holding	—	—	—	274,240	I	By H&H Funding LLC

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Convertible Notes^F6,F1,F7	$1.00	holding	—	—	—	—	Dec 31, 2019	Common Stock	7,860,760	—	I
Warrants^F6,F1	$15.80	holding	—	—	—	—	Oct 23, 2019	Common Stock	237,342	—	I
Warrants^F6,F1	$15.80	holding	—	—	—	—	May 4, 2020	Common Stock	174,051	—	I
Warrants^F6,F1	$20.50	holding	—	—	—	—	Feb 23, 2021	Common Stock	146,342	—	I

Explanation of responses

F1The share numbers reflect a reverse split of 1:10 effected on July 16, 2018.
F2Consists of shares held by Hankey Capital, LLC ("Hankey Capital"). Hankey Capital is owned by Hankey Investment Company LP ("HIC") of which the Don Hankey Trust (the "Trust") owns a 66.09% interest. HIC is owned by Knight Services Inc. of which the Trust is the sole owner. Don Hankey is the sole trustee of the Trust. Mr. Hankey disclaims beneficial ownership in the shares held by Hankey Capital except to the extent of his pecuniary interest.
F3Consists of shares held by Hankey Capital as collateral for the repayment of convertible notes (the "Notes") issued to Hankey Capital (the "Collateral Shares"). Hankey Capital may not transfer, sell or otherwise dispose of any of the Collateral Shares, except during the existence of Event of Default under the Notes in connection with the exercise of its rights and remedies as a secured lender.
F4Consists of shares held by the Trust.
F5Don Hankey is the sole manager of H&H Funding LLC and is entitled to 50% of Available Cash Flow until certain obligations to Mr. Hankey are paid and thereafter 10%. Mr. Hankey disclaims beneficial ownership except to the extent of his pecuniary interest.
F6The instruments contain limitations on their exercise or conversion to the extent necessary to insure that following the exercise or conversion of such securities the total number of shares then beneficially owned by Hankey Capital and its affiliates would not exceed 4.99% of the total number of issued and outstanding shares. As the provision is no longer relevant, Hankey Capital has sent a notice terminating this provision.
F7Consists of 9,000,000 shares issuable upon conversion of the convertible notes less the Collateral Shares referred to Footnote 3.
F8The shares set forth above do not include up to 2,000,000 shares issuable upon conversion of convertible notes to be issued upon the issuer drawing down on a $2,000,000 credit facility provided by Hankey Capital.