SEC Form 4 · accession 0001079973-15-000151
Southern Concepts Restaurant Group, Inc. · RIBS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay W Roth
Director · 10% Owner · Other
Period of report
Dec 31, 2014
Accepted (ET)
Mar 3, 2015 · 1:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001445918
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF1 | $0.10 | Dec 31, 2014 | A | 7,500,000 | A | Dec 31, 2015 | Dec 31, 2019 | Common Stock | 7,500,000 | 7,500,000 | D |
| WarrantsF1 | $0.10 | Jan 2, 2015 | G | 2,500,000 | D | Dec 31, 2015 | Dec 31, 2019 | Common Stock | 2,500,000 | 5,000,000 | D |
Explanation of responses
- F1In consideration for (and unrelated to Mr. Roth's services to the Company) Mr. Roth's agreement to execute a personal guarantee in connection with a loan to the Company, the Company issued Mr. Roth warrants to purchase 7,500,000 shares of common stock at $0.10 per share which vest on December 31, 2015.