SEC Form 4 · accession 0001415889-18-001390

Exactus, Inc. · EXDI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).

Reporting owner

Officer — EXECUTIVE VICE PRESIDENT · Director · 10% Owner

Period of report

Sep 4, 2018

Accepted (ET)

Sep 14, 2018 · 4:05 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.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Options (Right to Buy)^F1,F2	$0.089	Sep 4, 2018	A	225,000	A	Sep 4, 2018	Sep 4, 2023	Common Stock	225,000	225,000	D
Series D Preferred Stock (the^F3,F6,F4,F5	—	Sep 12, 2018	D	16	D	Jul 5, 2018	—	Common Stock	3,200,000	16	D

F1178,125 stock options are fully vested with the remainder vesting monthly in equal increments over a 15 month period beginning on October 1, 2018, subject to execution of the Company's standard stock option agreement and continued service as an officer of the Company on each applicable vesting date.
F2Not applicable.
F3On the Transaction Date, the Purchaser entered into an Agreement to unwind and terminate the Series D Subscription Agreement and void the issuance of the Series D Preferred Stock. The sale was approved in advance by the board of directors of the Company and therefore exempt pursuant to Rule 16b-3(e).
F4Each 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.
F5The Series D has no expiration date.
F6The securities were issued in connection with the repayment of debt, owed by the Company to the Reporting Person, in the amount of $200,000.