SEC Form 4 · accession 0001140361-16-080941
BioRestorative Therapies, Inc. · BRTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
John M Desmarais
Director · 10% Owner
Period of report
Sep 26, 2016
Accepted (ET)
Sep 28, 2016 · 6:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001505497
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 26, 2016 | P | 80,000 | $3.00 | A | 455,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF2 | $4.50 | Sep 26, 2016 | S | 444,444 | D | — | Nov 18, 2016 | Common Stock | 444,444 | 0 | D |
| WarrantF2 | $4.50 | Sep 26, 2016 | P | 444,444 | A | — | Nov 18, 2017 | Common Stock | 444,444 | 444,444 | D |
| WarrantF3 | $5.00 | Sep 26, 2016 | S | 400,000 | D | — | Mar 18, 2017 | Common Stock | 400,000 | 0 | D |
| WarrantF3 | $5.00 | Sep 26, 2016 | P | 400,000 | A | — | Mar 18, 2018 | Common Stock | 400,000 | 400,000 | D |
| Warrant | $4.00 | Sep 26, 2016 | P | 80,000 | A | Sep 26, 2016 | Sep 26, 2021 | Common Stock | 80,000 | 80,000 | D |
| OptionF1 | $4.40 | holding | — | — | — | — | Dec 1, 2025 | Common Stock | 15,000 | 15,000 | D |
| Warrant | $5.00 | holding | — | — | — | Dec 17, 2015 | Nov 17, 2020 | Common Stock | 125,000 | 125,000 | D |
| Warrant | $5.00 | holding | — | — | — | Mar 18, 2016 | Mar 18, 2021 | Common Stock | 250,000 | 250,000 | D |
| OptionF4 | $3.73 | holding | — | — | — | — | Jun 10, 2026 | Common Stock | 35,000 | 35,000 | D |
| WarrantF5 | $4.00 | holding | — | — | — | Jun 30, 2016 | Jun 30, 2021 | Common Stock | 40,000 | 40,000 | I |
Explanation of responses
- F1The option vests to the extent of 5,000 shares on each of December 1, 2016, 2017 and 2018.
- F2The two reported transactions involved an amendment of an outstanding warrant, resulting in the deemed cancellation of the "old" warrant and the grant of a "replacement" warrant. The warrant was originally granted on March 18, 2016 with an expiration date of November 18, 2016. The warrant expiration date was extended one year to November 18, 2017.
- F3The two reported transactions involved an amendment of an outstanding warrant, resulting in the deemed cancellation of the "old" warrant and the grant of a "replacement" warrant. The warrant was originally granted on March 18, 2016 with an expiration date of March 18, 2017. The warrant expiration date was extended one year to March 18, 2018.
- F4The option vests to the extent of 11,667 shares on each of June 10, 2016 and June 10, 2017, and 11,666 shares on June 10, 2018.
- F5The warrant is held by a trust established by the Reporting Person for the benefit of his immediate family. The Reporting Person serves as a trustee of the trust.