SEC Form 4 · accession 0001408408-16-000061
iBio, Inc. · IBIO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Kenneth Bryan Dart
10% Owner
Eastern Capital LTD
10% Owner
Portfolio Services Ltd.
10% Owner
Period of report
Jan 25, 2016
Accepted (ET)
Jan 27, 2016 · 12:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001420720
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 25, 2016 | P | 3,500,000 | $0.622 | A | 25,460,000 | D | |
| Common StockF1 | Jan 25, 2016 | X | 1,784,000 | $0.53 | A | 27,244,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF1 | $0.53 | Jan 25, 2016 | X | 1,784,000 | D | Apr 26, 2013 | Apr 26, 2016 | Common Stock | 1,784,000 | 0 | D |
Explanation of responses
- F1On January 25, 2016, Eastern Capital Limited exercised the warrants held by the Reporting Persons to acquire 1,784,000 shares of common stock of the Issuer.
Remarks
Eastern Capital Limited is an investment entity that owns the securities reported on this Form 4. Portfolio Services Ltd. is a holding company which owns all of the outstanding stock of Eastern Capital Limited. Kenneth B. Dart is the beneficial owner of all of the outstanding stock of Portfolio Services Ltd.