SEC Form 4 · accession 0000899243-17-004337
Trident Brands Inc · TDNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
LPF (MCTECH) Investment Corp.
10% Owner
Period of report
Sep 26, 2016
Accepted (ET)
Feb 16, 2017 · 12:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001421907
Table I — non-derivative securities
No Table I lines on this filing.
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 due September 30, 2019F4 | $0.60 | Sep 26, 2016 | J | — | A | Sep 27, 2016 | Sep 30, 2019 | Common Stock | 6,833,333 | — | D |
| Convertible Promissory Note due September 30, 2019F4 | $0.71 | Sep 26, 2016 | J | — | A | Sep 27, 2016 | Sep 30, 2019 | Common Stock | 764,163 | — | D |
| Convertible Promissory Note due September 30, 2019F4 | $0.71 | Sep 26, 2016 | J | — | A | Sep 27, 2016 | Sep 30, 2019 | Common Stock | 2,791,972 | — | D |
Explanation of responses
- F1Acquisition of a Convertible Promissory Note for US$4,100,000 due September 30, 2019, earning interest at rate of 8%, and convertible at any time at a conversion price equal to $0.60.
- F2Acquisition of a Convertible Promissory Note for US$500,000 due September 30, 2019, earning interest at rate of 8%, and convertible at any time at a conversion price equal to $0.71.
- F3Acquisition of a Convertible Promissory Note for US$1,800,000 due September 30, 2019, earning interest at rate of 8%, and convertible at any time at a conversion price equal to $0.71
- F4Each of the Convertible Promissory Notes is subject to accrual of interest such that the number of shares will increase over time
Remarks
1. This report on Form 4 is being filed to reflect an event which, as a result of an administrative error, was not identified as requiring a filing on Form 4 at the time such report was due. Upon discovering this oversight, the reporting person took steps to file this Form 4, which reflects information as of September 26, 2016.