SEC Form 4 · accession 0000905718-17-000337
Presbia PLC · LENS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Richard S Ressler
Director · 10% Owner
Period of report
Mar 8, 2017
Accepted (ET)
Mar 10, 2017 · 4:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001591096
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1 | Mar 8, 2017 | X | 1,065,852 | $3.00 | A | 4,249,280 | D | |
| Ordinary SharesF2,F3 | Mar 8, 2017 | X | 1,562,370 | $3.00 | A | 6,222,030 | I | See Note |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subscription Rights (right to buy)F4 | $3.00 | Mar 8, 2017 | X | 3,178,829 | D | Feb 6, 2017 | Mar 8, 2017 | Ordinary Shares | 1,065,852 | 0 | D |
| Subscription Rights (right to buy)F4,F3 | $3.00 | Mar 8, 2017 | X | 4,659,660 | D | Feb 6, 2017 | Mar 8, 2017 | Ordinary Shares | 1,562,370 | 0 | I |
Explanation of responses
- F1On March 8, 2017, the Reporting Person delivered to the Issuer an irrevocable notice of exercise of his subscription rights to purchase 1,065,852 Ordinary Shares, together with payment of the requisite fee, pursuant to the rights offering set forth in the Prospectus filed pursuant to Rule 424(b)(4), filed with the SEC on January 27, 2017, as amended February 23, 2017 (the "Prospectus").
- F2On March 8, 2017, Orchard Alternative Investments LP, a Delaware limited partnership, ("Orchard Alternative") and Orchard Investments LLC, a Delaware limited liability company ("Orchard Investments") delivered to the Issuer an irrevocable notice of exercise of their subscription rights to purchase 1,562,370 Ordinary Shares, together with payment of the requisite fee, pursuant to the rights offering set forth in the Prospectus.
- F3The Reporting Person, directly and/or indirectly, possesses the sole power to vote and the sole power to direct the disposition of all securities of Issuer held by Orchard Alternative and Orchard Investments. The Reporting Person's interest in the securities reported herein which are held by Orchard Alternative and Orchard Investments is limited to the extent of his pecuniary interest in such entities.
- F4Each subscription right entitled its holder to purchase 0.335297256 Ordinary Shares at a subscription price of $3.00 per whole Ordinary Share.