SEC Form 4 · accession 0001493152-17-002490
BTCS Inc. · BTCS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michal Handerhan
Officer — COO · Director
Period of report
Mar 15, 2017
Accepted (ET)
Mar 16, 2017 · 1:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001436229
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 15, 2017 | A | 792,540 | — | A | 1,051,904 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B Convertible Preferred StockF3,F2 | — | Mar 15, 2017 | A | 3,458 | A | Mar 15, 2017 | — | Common Stock | 691,600 | 3,458 | D |
| WarrantsF4 | $0.032 | Mar 15, 2017 | A | 1,109,556 | A | Mar 15, 2017 | Apr 16, 2020 | Common Stock | 1,109,556 | 1,109,556 | D |
Explanation of responses
- F1The shares were issued pursuant to anti-dilution provisions in the issuer's April 19, 2015 securities offering in which the reporting person invested $20,000.
- F2Not applicable.
- F3The shares of Series B Convertible Preferred Stock were issued pursuant to an agreement approved by the issuer's board of directors in exchange for the reporting person giving up the right to receive 197,580 shares of common stock and 493,949 five-year warrants to purchase common stock at $0.025 per share that the reporting person was entitled to as an investor in the issuer's January 19, 2015 securities offering.
- F4The warrants were issued pursuant to anti-dilution provisions in the issuer's April 19, 2015 securities offering in which the reporting person invested.
Remarks
All numbers reflect the issuer's one-for-sixty reverse stock split effective February 13, 2017.