SEC Form 4 · accession 0001104659-16-157889
EMMAUS LIFE SCIENCES, INC. · EMMA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yutaka Niihara
Director · 10% Owner
Period of report
Sep 15, 2016
Accepted (ET)
Nov 17, 2016 · 9:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001420031
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 15, 2016 | C | 31,327 | $3.50 | A | 11,802,408 | I | See footnote |
| Common StockF2 | Nov 14, 2016 | P | 10,000 | $4.50 | A | 11,812,408 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible Promissory Note dated 2015-09-29 | $3.50 | Sep 15, 2016 | C | — | A | Sep 29, 2015 | Sep 28, 2017 | Common Stock | 0 | — | D |
Explanation of responses
- F1Includes 9,583,260 shares that are held jointly by Yutaka Niihara and his wife and Soomi Niihara. Also includes 44,229 shares of common stock for which Dr. Niihara is custodian and has sole voting and investment control over the shares. Also includes 55,556 shares owned by Hope International Hospice, Inc (Hope Hospice). Dr. Niihara is the Chief Executive Officer of Hope Hospice and, as such, has voting and investment power over such shares. Also includes 750,000 shares underlying stock options, 1,300,000 shares underlying warrants to purchase shares of common stock and 49,363 shares of common stock underlying outstanding convertible notes. Dr. Niihara disclaims beneficial ownership of the shares held by Hope Hospice and this report should not be deemed an admission that he is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
- F2Includes 9,593,260 shares that are held jointly by Yutaka Niihara and his wife and Soomi Niihara. Also includes 44,229 shares of common stock for which Dr. Niihara is custodian and has sole voting and investment control over the shares. Also includes 55,556 shares owned by Hope International Hospice, Inc (Hope Hospice). Dr. Niihara is the Chief Executive Officer of Hope Hospice and, as such, has voting and investment power over such shares. Also includes 750,000 shares underlying stock options, 1,300,000 shares underlying warrants to purchase shares of common stock and 49,363 shares of common stock underlying outstanding convertible notes. Dr. Niihara disclaims beneficial ownership of the shares held by Hope Hospice and this report should not be deemed an admission that he is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.