SEC Form 4 · accession 0001493152-18-007607
Arias Intel Corp. · ASNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Patrick Gillespie
Officer — President and CEO · Director
Period of report
Feb 27, 2018
Accepted (ET)
May 21, 2018 · 5:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001585755
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF1 | May 10, 2018 | C | 6,000,000 | $0.02 | A | 11,641,929 | D | |
| Common stockF1,F2 | May 10, 2018 | J | 650,000 | — | A | 12,291,929 | D | |
| Common stockF3 | holding | — | — | — | 300,000 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible Promissory NoteF4,F3 | — | Feb 27, 2018 | J | — | A | Feb 27, 2018 | Jun 27, 2018 | common stock | — | 0 | D |
| Convertible Promissory Note | $0.02 | May 7, 2018 | C | — | D | Feb 27, 2018 | Jun 27, 2018 | common stock | 6,000,000 | 0 | D |
Explanation of responses
- F1Shares are owned by the Reporting Person and his spouse as joint tenants by the entirety.
- F2The Issuer issued the Reporting Person shares of common stock for the Reporting Person's service as a member of the Board of Directors of the Issuer.
- F3The securities are owned by First Harvest Financial, Inc. The Reporting Person is the President of First Harvest Financial, Inc. and in such capacity has voting and dispositive power over the securities held by such entity.
- F4On February 27, 2018, the Issuer issued the Reporting Person a convertible promissory note (the "Note") in the principal amount of $120,000. The Note bears no interest and matures on June 27, 2018. The Note is convertible into shares of the Issuer's common stock at a price per share equal to the closing price per share of the Issuer's common stock on the date of conversion.