SEC Form 4 · accession 0001144204-16-136326
BIOHITECH GLOBAL, INC. · BHTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Nov 18, 2016
Accepted (ET)
Nov 23, 2016 · 3:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001590383
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible Promissory NoteF3,F1,F2 | $2.75 | Nov 18, 2016 | X | 1 | A | Nov 18, 2016 | Nov 18, 2018 | Common Stock | 90,910 | 1 | D |
| WarrantsF5,F3,F4 | $3.30 | Nov 18, 2016 | X | 90,910 | A | Nov 18, 2016 | Nov 18, 2021 | Common Stock | 90,910 | 90,910 | D |
Explanation of responses
- F1Represents the highest possible conversion price of the note.
- F2Represents the number of shares of common stock, par value $0.001 per share (the "Common Stock") into which the note is convertible based on the conversion price of $2.75 per share. The note is convertible into an indeterminable number of shares.
- F3Does not include 32,451 shares of common stock held by the reporting person, a convertible promissory note which is convertible into approximately 26,667 shares of common stock held by Conundrum Capital Partners, LLC ("Conundrum"), warrants held by Conundrum which are exercisable for approximately 26,667 shares of common stock, or 837,296 shares of common stock held by Conundrum over which Mr. Chambers holds voting and dispositive power. The address for Conundrum is 317 Eatons Landing Drive, Annapolis, MD 21401.
- F4Based upon 120% of the conversion price of $2.75 per share. The warrants are exercisable into an indeterminable number of shares.
- F5Represents the number of shares of Common Stock into which the warrants are exercisable based on the exercise price of $3.30 per share.