SEC Form 4 · accession 0001062993-19-001152

Orgenesis Inc. · ORGS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Mar 4, 2014

Accepted (ET)

Mar 5, 2019 · 6:52 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001460602

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Jun 11, 2018	C	37,662	—	A	37,662	I	Held through Yaron Adler Investment (1999) LTD

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrants	$6.24	Mar 4, 2014	A	16,026	A	Mar 4, 2017	Mar 4, 2017	Common Stock	16,026	16,026	I
Warrants	$6.24	Nov 30, 2015	A	9,616	A	Nov 30, 2018	Nov 30, 2018	Common Stock	9,616	9,616	I
6% Convertible Note^F3,F2	$4.80	Sep 15, 2014	P	100,000	A	Sep 15, 2014	Mar 15, 2015	Common Stock	—	100,000	I
6% Convertible Note^F3,F2	$4.80	Jun 11, 2018	C	100,000	D	Sep 15, 2014	Mar 15, 2015	Common Stock	37,662	0	I
Stock Option^F2,F4	$4.80	Dec 9, 2016	A	41,667	A	—	Dec 9, 2026	Common Stock	41,667	41,667	D

F1These securities were acquired by the reporting person upon the conversion of a convertible note as described in footnote 3 below.
F2Represents post-reverse stock split amounts.
F3Represents an unsecured convertible note with a maturity date of March 15, 2015 (the "Maturity Date") issued by the Issuer to the reporting person on September 15, 2014 for a loan of $100,000 (the "Principal Amount"). The Principal Amount and any accrued but unpaid interest was convertible into shares of common stock of the Issuer (each a "Conversion Share") at a conversion price of $0.40 per Conversion Share. The conversion price per Conversion Share was adjusted to $4.80 as a result of the post-reverse stock split. Interest accrued daily at a rate of 6% per 360-day year and, due to default, increased to 24% per 360-day year, including the Principal Amount and any accrued but unpaid interest, from and after the Maturity Date. On June 11, 2018, the reporting person converted the loan and any accrued but unpaid interest and received 37,662 Conversion Shares in full satisfaction of the convertible note.
F4These non-plan options were awarded to purchase shares of common stock of the Issuer and vested in equal quarterly installments over a two-year period from the award date.