SEC Form 4 · accession 0001209191-16-114212
RMR Industrials, Inc. · RMRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Chad T. Brownstein
Officer — Chief Executive Officer · Director · 10% Owner
77727111, LLC
10% Owner
Period of report
Apr 12, 2016
Accepted (ET)
Apr 14, 2016 · 4:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001556179
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1,F2 | Apr 12, 2016 | J | 10,000 | — | A | 90,000 | I | By 77727111, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common StockF2,F3,F4,F5 | — | holding | — | — | — | — | — | Class B Common Stock | 539,586 | 10,791,701 | I |
Explanation of responses
- F1The shares were issued to 77727111, LLC ("77727111") in full satisfaction of a $100,000.00 loan previously made by 77727111 to the Issuer, pursuant to a Loan Settlement Agreement and Release, by and between the Issuer and 77727111.
- F2The shares are held directly by 77727111, a ten percent owner of the Issuer, and indirectly by Brownstein. Brownstein holds 100% of the membership interests of 77727111 and is the manager thereof.
- F3The Class A Common Stock is convertible into one post-split share of Class B Common Stock for each share of Class A Common Stock so converted.
- F4The Class A Common Stock is convertible at any time, at the holder's election, and has no expiration date.
- F5Reflects the 1-for-20 reverse stock split effected on September 4, 2015.