SEC Form 4 · accession 0001415889-18-000481
Exactus, Inc. · EXDI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James R. Erickson
Officer — CHIEF BUSINESS OFFICER
Period of report
Mar 28, 2018
Accepted (ET)
Mar 30, 2018 · 6:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001552189
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series D Preferred Stock (the "Series D")F3,F1,F2 | — | Mar 28, 2018 | A | 6 | A | Mar 28, 2018 | — | Common Stock | 1,200,000 | 6 | D |
Explanation of responses
- F1Each share of Series D automatically converts into 200,000 shares of the Company's common stock upon the consummation of the first offering of the Company's Common Stock, subsequent to the acquisition of the Series D, for which the gross proceeds of the offering exceed $5,000,000.
- F2The Series D has no expiration date.
- F3The securities were issued in connection with the repayment of debt, owed by the Company to the Reporting Person, in the amount of $75,000.