SEC Form 4 · accession 0001140361-16-049846
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
Dec 10, 2015
Accepted (ET)
Feb 2, 2016 · 5:11 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 StockF6,F7,F2 | Dec 10, 2015 | J | 30,000 | — | D | 346,000 | I | Lifewater Industries, LLC |
| Common StockF6,F1 | holding | — | — | — | 430,000 | I | WiN Investments, LLC | |
| Common StockF6,F2 | holding | — | — | — | 376,000 | 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 Options | $0.52 | Jan 29, 2016 | A | 1,500,000 | A | Jan 29, 2016 | Oct 7, 2023 | Common | 1,500,000 | 1,648,000 | D |
| Stock OptionsF6,F4 | $7.50 | holding | — | — | — | Oct 9, 2013 | Oct 9, 2023 | Common | 60,000 | 60,000 | D |
| Stock OptionsF6 | $8.25 | holding | — | — | — | May 12, 2014 | May 12, 2019 | Common | 12,000 | 72,000 | D |
| Stock OptionsF6,F5 | $7.275 | holding | — | — | — | May 21, 2014 | May 21, 2024 | Common | 60,000 | 132,000 | D |
| Stock OptionsF6 | $5.75 | holding | — | — | — | Feb 18, 2015 | Feb 18, 2020 | Common | 16,000 | 148,000 | 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) 20,000 on October 9, 2013; and (ii) 10,000 per quarter until fully vested.
- F5The stock options vest as follows: (I) 30,000 on May 21, 2014 and (ii) 30,000 on November 21, 2014.
- F6Reflects a 50-1 reverse split effective as of December 29, 2015.
- F7Pursuant to a loan agreement dated February 26, 2015, Byrne United S.A. ("Byrne") loaned Lifewater Industries, LLC ("Lifewater") $300,000 which loan was due and payable 60 days after such advance and was secured by the pledge of the 30,000 shares of common stock pursuant to a stock pledge agreement dated February 26, 2015. The pledge of the shares was bona-fide and as security for the repayment of the loan. After Lifewater defaulted on repayment of the loan, Byrne provided Lifewater with ten days written notice of the default and, after the expiry of such period, foreclosed on the shares pursuant to the stock pledge agreement. The effective date of the transfer of shares was December 10, 2015.