SEC Form 4 · accession 0001144204-15-035487
TWINLAB CONSOLIDATED HOLDINGS, INC. · TLCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William W Nicholson
Director
Period of report
Jun 2, 2015
Accepted (ET)
Jun 4, 2015 · 3:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001590695
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock, par value $0.001F1 | Jun 2, 2015 | P | 3,289,474 | $0.76 | A | 29,879,474 | I | owned through limited liability company |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant (right to buy)F3 | $0.01 | Jun 2, 2015 | J | 3,289,474 | A | Jun 2, 2015 | May 31, 2020 | Common stock, par value $0.001 | 3,289,474 | 3,289,474 | I |
Explanation of responses
- F1These shares are owned by Little Harbor, LLC, a Nevada limited liability company ("LH LLC"), of which the reporting person is the holder of 19.5% of the membership interests. The reporting person disclaims beneficial ownership of any shares held by LH LLC that would exceed his percentage interest in LH LLC.
- F2The warrant was issued to LH LLC pursuant to a Stock Purchase Agreement, dated as of June 2, 2015. The reporting person disclaims beneficial ownership of any shares issuable to LH LLC under the warrant that would exceed his percentage interest in LH LLC. See Note 1.
- F3The number of shares issuable upon exercise of the warrant is subject to adjustment under certain circumstances.