SEC Form 4 · accession 0001493152-15-002540

Saleen Automotive, Inc. · SLNN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CEO & President · Director · 10% Owner

Period of report

Jun 16, 2015

Accepted (ET)

Jun 17, 2015 · 5:25 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001528098

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Jun 16, 2015	J	82,133,875	$0.00	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Super Voting Preferred Stock^F1	—	Jun 16, 2015	J	82,134	A	—	—	Common Stock	82,133,875	82,134	D
Super Voting Preferred Stock^F2,F1	—	Jun 16, 2015	J	220,000	A	—	—	Common Stock	220,000,000	302,134	D

F1The reporting person exchanged 82,133,875 shares of common stock for 82,133.875 shares of super voting preferred stock. Each share of super voting preferred stock automatically converts into 1,000 shares of common stock upon the effectiveness of an amendment to the registrant's Articles of Incorporation that provides for a sufficient number of shares of common stock to permit the conversion of all outstanding shares of super voting preferred stock, and has a number of votes equal to the number of shares of common stock into which it is convertible.
F2The registrant issued 220,000 shares of super voting preferred stock to the reporting person in consideration of the cancellation of $220,000 of indebtedness owed by the registrant to the reporting person. Each share of super voting preferred stock is convertible into 1,000 shares of common stock upon the effectiveness of an amendment to the registrant's Articles of Incorporation that provides for a sufficient number of shares of common stock to permit the conversion of all outstanding shares of super voting preferred stock, and has a number of votes equal to the number of shares of common stock into which it is convertible.