SEC Form 4 · accession 0001214659-16-010795
POWIN ENERGY CORP · PWON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Danny Y Lu
Officer — Vice-President · Director
Period of report
Apr 6, 2016
Accepted (ET)
Apr 8, 2016 · 3:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001468780
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 6, 2016 | A | 500 | $0.30 | A | 2,523,104 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible Preferred StockF1,F3 | $0.56 | Aug 5, 2015 | P | 1,001,008 | A | Aug 5, 2015 | — | Common Stock | 1,001,008 | 1,001,008 | D |
| Convertible Preferred StockF2,F3 | $0.56 | Aug 5, 2015 | P | 917,096 | A | Aug 5, 2015 | — | Common Stock | 917,096 | 917,096 | I |
Explanation of responses
- F1The Preferred Stock and underlying Common Stock, was issued in exchange for, and in satisfaction of, outstanding debt of the Issuer held by the Reporting Person.
- F2The Preferred Stock was issued in exchange for, and in satisfaction of, outstanding debt of the Issuer held by Lu Pacific Properties, LLC of which the Reporting person is a managing member.
- F3There is no expiration date for the conversion rights under the Convertible Preferred Stock.