SEC Form 4 · accession 0001140361-15-002123
ALKALINE WATER Co INC · WTER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Steven Paul Nickolas
Officer — President CEO Chairman · Director · 10% Owner
LIFEWATER INDUSTRIES, LLC
10% Owner
WIN INVESTMENTS, LLC
10% Owner
Period of report
Apr 4, 2014
Accepted (ET)
Jan 20, 2015 · 12:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001532390
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF7,F2 | Apr 4, 2014 | S$0 | 1,200,000 | — | D | 20,300,000 | I | Lifewater Industries, LLC |
| Common StockF1 | holding | — | — | — | 21,500,000 | I | WiN Investments, LLC | |
| Common StockF2 | holding | — | — | — | 21,500,000 | I | Lifewater Industries, LLC | |
| Series A Preferred StockF3 | holding | — | — | — | 10,000,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF6,F4 | $0.15 | holding | — | — | — | Oct 9, 2013 | Oct 9, 2023 | Common | 3,000,000 | 3,000,000 | D |
| Stock Options | $0.165 | holding | — | — | — | May 12, 2014 | May 12, 2019 | Common | 600,000 | 3,600,000 | D |
| Stock OptionsF5 | $0.1455 | holding | — | — | — | May 21, 2014 | May 21, 2024 | Common | 3,000,000 | 6,600,000 | D |
Explanation of responses
- F1Steven P. Nickolas is the manager of WiN Investments, LLC and holds voting and dispositive control over these shares.
- F2Steven P. Nickolas is the manager of Lifewater Industries, LLC and holds voting and dispositive control over these shares.
- F3The Series A Preferred Stock has 10 votes per share and is not convertible into shares of common stock.
- F4The stock options vest as follows: (i) 1,000,000 on October 9, 2013; and (ii) 500,000 per quarter until fully vested.
- F5The stock options vest as follows: (I) 1,500,000 on May 21, 2014 and (ii) 1,500,000 on November 21, 2014.
- F6The exercise price of these options was reduced from $0.605 to $0.15 on October 31, 2014.
- F7Lifewater Industries, LLC (Lifewater) transferred 1,200,000 shares of common stock to SSCE Holdings, LLC (SSCE) when SSCE perfected a security interest in these shares which were pledged pursuant to a stock pledge agreement dated April 4, 2014 between Lifewater and SSCE which was security for a loan agreement dated April 4, 2014 between Lifewater and SSCE pursuant to which SSCE loaned $100,000 to Lifewater.