SEC Form 4 · accession 0000899243-17-022057
Trident Brands Inc · TDNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Fengate Trident LP
10% Owner
Fengate Trident GP Inc.
10% Owner
Fengate Capital Management Ltd.
10% Owner
Period of report
May 9, 2017
Accepted (ET)
Sep 14, 2017 · 2:09 pm EDT
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, 2019F3,F2 | $0.60 | May 9, 2017 | J | — | A | May 9, 2016 | Sep 30, 2019 | Common Stock | 7,333,333 | — | D |
Explanation of responses
- F1Acquisition pursuant to a Convertible Promissory Note in the total amount of US$10,000,000 due September 30, 2019, earning interest at a rate of 8%, and convertible at any time at a conversion price equal to $0.60.
- F2The Convertible Promissory Note is subject to accrual of interest such that the number of shares will increase over time.
- F3Fengate Trident LP is a private investment limited partnership that may be deemed the direct beneficial owner of the securities referred to herein. Fengate Capital Management Ltd. is the investment manager to and Fengate Trident GP, Inc. is the general partner of Fengate Trident LP. Each of the Reporting Persons disclaims beneficial ownership of the securities referred to herein except to the extent of their pecuniary interest therein.
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 May 9, 2017.