SEC Form 4/A · accession 0001186676-17-000001
Zero Gravity Solutions, Inc. · ZGSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Michael T Smith
Director
Period of report
Jul 20, 2015
Accepted (ET)
Mar 9, 2017 · 5:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001574186
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF2,F1 | $1.50 | Jul 20, 2015 | J | 350,000 | A | Jul 20, 2015 | Jul 20, 2020 | Common Stock, Par Value $0.001 per share | 350,000 | 550,000 | D |
Explanation of responses
- F1On March 1, 2017, the Company and Mr. Smith agreed to amend the Warrant in order to reduce the exercise price to $1.50. This Amended Form 4 is filed to reflect such exercise price reduction.
- F2Warrants issued as additional consideration for a loan made by Mr. Smith to the Company in the amount of $500,000. Pursuant to the Promissory Note with the Company, in addition to the warrants, Mr. Smith shall receive interest on the loan at a rate per annum of 8.5%, payable quarterly.