SEC Form 4 · accession 0001520138-15-000605
TWINLAB CONSOLIDATED HOLDINGS, INC. · TLCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
CAPSTONE FINANCIAL GROUP, INC.
10% Owner
Period of report
Jul 7, 2015
Accepted (ET)
Dec 24, 2015 · 12:54 pm EST
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 StockF1 | Jul 7, 2015 | S | 12,105 | $0.76 | D | 13,973,681 | D | |
| Common StockF1 | Jul 7, 2015 | X | 526,316 | $0.76 | A | 14,499,997 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B Warrant - Tranche 1 (right to buy) | $0.76 | Jul 7, 2015 | X | 526,316 | D | Oct 1, 2014 | Nov 30, 2015 | Common Stock, par value $0.001 | 526,316 | 1,473,684 | D |
Explanation of responses
- F1In addition, Capstone Financial Group, Inc. exercised third-party call options for at least a further 1,498,500 shares on February 23, 2015, but the optionors of such shares have not yet honored the exercise. When they do, this Form 4 will be amended to reflect the additional shares.
Remarks
All securities reported on this Form 4 are owned directly by Capstone Financial Group, Inc. and indirectly by Darin Richard Pastor, the CEO and majority stockholder of Capstone. Pastor is filing a separate Form 4 to reflect these same transactions.