SEC Form 5 · accession 0001127855-15-000053
KonaRed Corp · KRED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shaun Roberts
Officer — Pres, CEO, Director, Board Chr · Director
Period of report
Dec 19, 2014
Accepted (ET)
Feb 11, 2015 · 5:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001527355
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Control Common sharesF1 | Oct 4, 2013 | J | 7,815,386 | $0.001 | A | 7,815,386 | D | |
| Common shares | May 27, 2014 | A | 86,999 | $0.627 | A | 86,999 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Call options to purchase restricted common sharesF2 | $0.45 | Dec 19, 2014 | D | 1,000,000 | D | Oct 4, 2014 | Dec 12, 2018 | Restricted common shares | 1,000,000 | 0 | D |
| Call options to purchase restricted common sharesF3 | $0.74 | Dec 19, 2014 | D | 1,000,000 | D | Dec 12, 2013 | Dec 12, 2018 | Restricted common shares | 1,000,000 | 0 | I |
| Call options to purchase restricted common sharesF4 | $0.17 | Dec 19, 2014 | A | 2,500,000 | A | Dec 19, 2014 | Dec 19, 2019 | Restricted common shares | 2,500,000 | 2,500,000 | D |
| Call options to purchase restricted common sharesF5 | $0.17 | Dec 19, 2014 | A | 1,000,000 | A | Dec 19, 2014 | Dec 19, 2019 | Restricted common shares | 1,000,000 | 1,000,000 | I |
Explanation of responses
- F1This is the price per share at which Mr. Roberts purchased these shares as a founder of predecessor company Sandwich Isles Trading Co, Inc. ('SITC'). On October 4, 2013 KonaRed Corporation ('KRED') acquired the assets of SITC in a share exchange based on an exchange ratio of 1.6757 KRED shares for each 1 SITC share previously held.
- F2Mr. Roberts stock options, as reflected on this Form 5, for 1,000,000 shares of the Company's common stock granted to him on December 12, 2013, were cancelled.
- F3The stock options granted to Mr. Roberts' spouse, as reflected on this Form 5 for 1,000,000 shares of the Company's common stock granted to her on December 12, 2013, were cancelled.
- F41,000,000 of these options vested on grant date and 750,000 will automatically vest on each of June 30, 2015 and December 31, 2015.
- F5These options granted to Mr. Roberts' spouse vested immediately.