SEC Form 4 · accession 0000899243-17-011361
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
Apr 28, 2017
Accepted (ET)
May 2, 2017 · 12:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001421907
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 28, 2017 | J | 2,000,000 | $0.00 | D | 0 | D |
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, 2019F5 | $0.60 | Apr 28, 2017 | J | 4,100,000 | D | Sep 27, 2016 | Sep 30, 2019 | Common Stock | 7,159,815 | 0 | D |
| Convertible Promissory Note due September 30, 2019F5 | $0.71 | Apr 28, 2017 | J | 500,000 | D | Sep 27, 2016 | Sep 30, 2019 | Common Stock | 797,653 | 0 | D |
| Convertible Promissory Note due September 30, 2019F5 | $0.71 | Apr 28, 2017 | J | 1,800,000 | D | Sep 27, 2016 | Sep 30, 2019 | Common Stock | 2,912,985 | 0 | D |
Explanation of responses
- F1Transfer of 2,000,000 shares of TDNT common stock to a Limited Partnership of which the reporting person's sole shareholder is sole limited partner.
- F2Transfer 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, to a Limited Partnership of which the reporting person's sole shareholder is sole limited partner .
- F3Transfer 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, to a Limited Partnership of which the reporting person's sole shareholder is sole limited partner.
- F4Transfer 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, to a Limited Partnership of which the reporting person's sole shareholder is sole limited partner.
- F5Each of the Convertible Promissory Notes is subject to accrual of interest such that the number of shares will increase over time.