SEC Form 4 · accession 0001144204-16-093424
TWINLAB CONSOLIDATED HOLDINGS, INC. · TLCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas A Tolworthy
10% Owner
Period of report
Apr 6, 2016
Accepted (ET)
Apr 8, 2016 · 2:24 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 $0.001F2 | Apr 6, 2016 | J | 9,306,898 | $1.00 | D | 35,551,724 | D | |
| Common stock, par value $0.001F3 | Apr 6, 2016 | S | 35,551,724 | $0.0141 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person contributed these shares of common stock to the Issuer pursuant to that certain Subscription and Surrender Agreement, dated as of September 3, 2014, by and between the Issuer and the reporting person.
- F2The shares contributed to the Issuer as described in note (1) above, were contributed for nominal consideration.
- F3The reporting person sold these shares to the Issuer for an aggregate purchase price of $500,000 pursuant to the Separation and Release Agreement, dated as of March 23, 2016, by and between the Issuer and the reporting person.