SEC Form 4 · accession 0001551986-18-000029
INNOVATE BIOPHARMACEUTICALS, INC. · INNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sandeep Laumas
Officer — Executive Chairman · Director
Period of report
Sep 7, 2018
Accepted (ET)
Sep 10, 2018 · 5:49 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001551986
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF1 | Sep 7, 2018 | P | 500 | $6.10 | A | 2,000 | D | |
| Common stockF2 | holding | — | — | — | 758,373 | I | By Bearing Circle Capital LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Due to an administrative error, the holdings reported on Dr. Laumas's prior Form 4 filing were understated by 750 shares. This balance now reflects the correct amount of Dr. Laumas's direct holdings.
- F2These shares are held by Bearing Circle Capital LLC. Dr. Laumas is affiliated with Bearing Circle Capital LLC and has voting and investment power over the shares held by Bearing Circle Capital LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for the purposes of Section 16 or for any other purpose.