SEC Form 4 · accession 0001127855-15-000126
KonaRed Corp · KRED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven M Schorr
Director · 10% Owner
Period of report
Mar 2, 2015
Accepted (ET)
Mar 17, 2015 · 5:33 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|
| Common Shares - controlF2,F1 | Mar 2, 2015 | J | 562,868 | $0.001 | A | 7,634,647 | 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 shares | $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 | D |
Explanation of responses
- F1On October 4, 2013 KonaRed Corporation ('KRED') acquired the assets of Sandwich Isles Trading Co, Inc. ('SITC') in a share exchange wherein Mr. Schorr personally received 7,054,362 shares in the initial shares distribution. On March 2, 2015 there was a second (and final) distribution of KRED shares to the former shareholders of SITC related to the share exchange wherein Mr. Schorr received 562,868 additional shares, which are the subject of this Form 4 filing. The acquisition price shown is the average price paid by Mr. Schorr as a founder after taking into account the share exchange. The exchanged shares were registered in a Form S-1 which became Effective December 19, 2014 and are unrestricted.
- F2Mr. Schorr also holds 17,417 shares which he received via a Form S-8 distribution on May 27, 2014.