SEC Form 4 · accession 0001144204-16-078184
TWINLAB CONSOLIDATED HOLDINGS, INC. · TLCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L Van Andel
Director · 10% Owner
Period of report
Jan 28, 2016
Accepted (ET)
Feb 1, 2016 · 4:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001590695
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant (right to buy)F1,F2 | $0.01 | Jan 28, 2016 | J | 1,136,363 | A | Jan 28, 2019 | Feb 28, 2022 | Common stock, par value $0.001 | 1,136,363 | 1,136,363 | I |
Explanation of responses
- F1The Warrant was issued pursuant to the Note (as defined in footnote (2) below).
- F2The Warrant disclosed in this filing is not exercisable unless and until the Issuer fails to pay Great Harbor Capital, LLC, an affilate of the reporting person, the entire unamortized principal amount of that certain Unsecured Promissory Note, dated January 28, 2016, in the principal amount of $2,500,000 (the "Note") and any accrued and unpaid interest thereon as of January 28, 2019 or such earlier date as is required pursuant to an Acceleration Notice (as defined in the Note).