SEC Form 4 · accession 0001127855-15-000127
KonaRed Corp · KRED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gonzalo Camet
Director
Period of report
Mar 2, 2015
Accepted (ET)
Mar 17, 2015 · 5:49 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 sharesF1,F2 | Oct 4, 2013 | J | 88,009 | $0.2311 | A | 1,274,185 | D | |
| Common sharesF1 | Oct 4, 2013 | J | 48,175 | $0.2311 | A | 651,946 | I | Holding co. |
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 | 750,000 | A | Dec 19, 2014 | Dec 19, 2019 | Restricted common shares | 750,000 | 750,000 | 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. Camet received a total of 1,706,780 shares in the initial shares distribution, of which 1,103,009 shares were distributed to him directly and 603,771 shares were distributed to his wholly owned company Solait Corp. 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. Camet received a total of 136,184additional shares, which are the subject of this Form 4 filing. 88,009 shares were distributed to him directly and 48,175 shares were distributed to his wholly owned company Solait Corp. The acquisition price shown is the average price paid by Mr. Camet for shares of SITC 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. Camet also received 83,167 Form S-8 shares on May 27, 2014.