SEC Form 4 · accession 0001437749-18-004507
Zero Gravity Solutions, Inc. · ZGSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael T Smith
Director
Period of report
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 3:58 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF1 | $3.00 | Mar 9, 2018 | P | 20,000 | A | Mar 9, 2018 | Mar 9, 2023 | Common Stock, par value $0.001 per share | 20,000 | 20,000 | D |
Explanation of responses
- F1On or about March 8, 2018, Mr. Smith loaned $200,000 to the Issuer, and in exchange received a 10% promissory note, payable quarterly in cash and maturing on March 7, 2020, and a 5 year warrant dated March 9, 2018, exercisable into shares of the Issuer's common stock at $3.00 per share.