SEC Form 4 · accession 0001140361-17-021115
ALKALINE WATER Co INC · WTER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard A Wright
Officer — President VP CEO COO · Director
Period of report
Mar 31, 2016
Accepted (ET)
May 17, 2017 · 2:51 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|
| Series C Preferred StockF5,F6 | Mar 31, 2016 | A | 1,500,000 | — | A | 1,500,000 | D | |
| Series D Preferred StockF7,F8 | May 3, 2017 | A | 1,000,000 | — | A | 1,000,000 | D | |
| Series A Preferred StockF1 | 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 OptionsF4,F2 | $7.50 | holding | — | — | — | Oct 9, 2013 | Oct 9, 2023 | Common | 60,000 | 60,000 | D |
| Stock OptionsF4 | $8.25 | holding | — | — | — | May 12, 2014 | May 12, 2019 | Common | 12,000 | 72,000 | D |
| Stock OptionsF4,F3 | $7.275 | holding | — | — | — | May 12, 2014 | May 12, 2024 | Common | 60,000 | 132,000 | D |
| Stock OptionsF4 | $5.75 | holding | — | — | — | Feb 18, 2015 | Feb 18, 2020 | Common | 16,000 | 148,000 | D |
| Stock Options | $0.52 | holding | — | — | — | Jan 29, 2016 | Oct 7, 2023 | Common | 1,500,000 | 1,648,000 | D |
Explanation of responses
- F1The Series A Preferred Stock has 10 votes per share and is not convertible into shares of common stock.
- F2The stock options vest as follows: (i) 20,000 on October 9, 2013; and (ii) 10,000 per quarter until fully vested.
- F3The stock options vest as follows: (i) 30,000 on May 21, 2014 and (ii) 30,000 on November 21, 2014.
- F4Reflects a 50-1 reverse split effective as of December 29, 2015.
- F5The Series C Preferred Stock is convertible, without the payment of any additional consideration by the holder and at the option of the holder, into one fully paid and non-assessable share of common stock at any time after (i) The Alkaline Water Company Inc. ("Alkaline Water") achieves the consolidated revenue of the company and all of its subsidiaries equal to or greater than $15,000,000 in any 12 month period, ending on the last day of any quarterly period of its fiscal year; or (ii) a Negotiated Trigger Event, defined as an event upon which the Series C Preferred Stock will be convertible as may be agreed by Alkaline Water and the holder in writing from time to time.
- F6The Series C Preferred Shares were issued in consideration for services performed by Mr. Wright pursuant to an employment agreement dated effective March 1, 2016.
- F7The Series D Preferred Stock is convertible, without the payment of any additional consideration by the holder and at the option of the holder, into one fully paid and non-assessable share of common stock at any time after (i) Alkaline Water achieves the consolidated revenue of the company and all of its subsidiaries equal to or greater than $40,000,000 in any 12 month period, ending on the last day of any quarterly period of its fiscal year; or (ii) a Negotiated Trigger Event, defined as an event upon which the Series D Preferred Stock will be convertible as may be agreed by Alkaline Water and the holder in writing from time to time.
- F8The Series D Preferred Shares were issued in consideration for services performed by Mr. Wright.