SEC Form 4 · accession 0001144204-18-031017
BIOHITECH GLOBAL, INC. · BHTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Frank E. Celli
Officer — CHIEF EXECUTIVE OFFICER · Director · 10% Owner
Frank E. Celli Family Trust
10% Owner
Period of report
May 24, 2018
Accepted (ET)
May 25, 2018 · 12:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001590383
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.0001F1 | May 24, 2018 | C | 163,637 | $2.75 | A | 1,457,322 | D | |
| Common Stock, par value $0.0001F2 | May 24, 2018 | C | 3,205 | $4.30 | A | 1,460,527 | D | |
| Common Stock, par value $0.0001F5,F3,F4 | May 24, 2018 | C | 163,638 | $2.75 | A | 915,421 | I | Held by Frank E. Celli Family Trust |
| Common Stock, par value $0.0001F6,F3,F4 | May 24, 2018 | C | 10,063 | $4.30 | A | 925,484 | I | Held by Frank E. Celli Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible Promissory Note | $2.75 | May 24, 2018 | C | 1 | D | May 24, 2017 | May 24, 2018 | Common Stock | 163,637 | 0 | D |
| Convertible Promissory NoteF4 | $2.75 | May 24, 2018 | C | 1 | D | Jan 13, 2017 | May 24, 2018 | Common Stock | 163,638 | 0 | I |
Explanation of responses
- F1163,637 shares at $2.75 per share represent the conversion at maturity of a convertible note initially entered into on May 24, 2017.
- F23,205 shares at $4.30 per share represent the payment of interest at 3.5% on the note.
- F3Does not include 1,460,527 shares of common stock held by reporting person.
- F4Frank E. Celli holds voting and dispositive control over the Frank E. Celli Family Trust.
- F5163,638 shares at $2.75 per share represent the conversion at maturity of a convertible note initially entered into on January 13, 2017.
- F610,063 shares at $4.30 per share represent the payment of interest at 8% on the note.