SEC Form 4 · accession 0000899243-15-009525
BioRestorative Therapies, Inc. · BRTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Dec 7, 2015
Accepted (ET)
Dec 9, 2015 · 12:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001505497
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Warrants (right to buy)F1,F2,F3 | $15.00 | Dec 7, 2015 | J | 186,682 | D | — | May 21, 2020 | Common Stock | 186,682 | 0 | I |
| Common Stock Warrants (right to buy)F1,F2,F3 | $4.00 | Dec 7, 2015 | J | 186,682 | A | — | May 21, 2020 | Common Stock | 186,682 | 186,682 | I |
| Common Stock Warrants (right to buy)F1,F2,F3 | $15.00 | Dec 7, 2015 | J | 40,000 | D | — | Dec 31, 2017 | Common Stock | 40,000 | 0 | I |
| Common Stock Warrants (right to buy)F1,F2,F3 | $4.00 | Dec 7, 2015 | J | 40,000 | A | — | Dec 31, 2017 | Common Stock | 40,000 | 40,000 | I |
| Common Stock Warrants (right to buy)F1,F2,F3 | $15.00 | Dec 7, 2015 | J | 12,500 | D | — | Feb 20, 2020 | Common Stock | 12,500 | 0 | I |
| Common Stock Warrants (right to buy)F1,F2,F3 | $4.00 | Dec 7, 2015 | J | 12,500 | A | — | Feb 20, 2020 | Common Stock | 12,500 | 12,500 | I |
Explanation of responses
- F1On December 7, 2015, an affiliate of Westbury (Bermuda) Ltd. ("Westbury") agreed to extend the maturity of a promissory note issued by BioRestorative Therapies, Inc. (the "Issuer") to the affiliate of Westbury, and in consideration for such extension of maturity, the Issuer agreed to reduce the exercise prices of warrants to purchase an aggregate of 239,182 shares of the Issuer's common stock held by Westbury to $4 from $15. The number of shares of common stock of the Issuer underlying each of the warrants reported herein reflects the Issuer's 1-for-20 reverse stock split that became effective on July 7, 2015.
- F2These securities are directly owned by Westbury, which is 100% owned by Westbury Trust. Westbury Trust is an indirect beneficial owner of the reported securities.
- F3The warrants were exercisable immediately upon issuance.