SEC Form 4 · accession 0001415889-18-001096
Exactus, Inc. · EXDI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy John Ryan
Officer — EXECUTIVE VICE PRESIDENT · Director
Period of report
Jul 5, 2018
Accepted (ET)
Jul 9, 2018 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001552189
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 1,950,000 | D | ||
| Common Stock | holding | — | — | — | 2,950,000 | I | By Willets Capital, over which Mr. Ryan has sole voting power and investment power | |
| Common Stock | holding | — | — | — | 2,850,000 | I | By Tonset Capital, over which Mr. Ryan has sole voting power and investment power | |
| Common Stock | holding | — | — | — | 400,000 | I | By NYTX LLC, over which Mr. Ryan has sole voting power and investment power | |
| Common Stock | holding | — | — | — | 300,000 | I | By Brosis LLC, over which Mr. Ryan has sole voting power and investment power |
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 | — | Jul 5, 2018 | A | 16 | A | Jul 5, 2018 | — | Common Stock | 3,200,000 | 27 | 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 $200,000.