SEC Form 4 · accession 0001415889-18-000068

GridAI Technologies Corp. · GRDX

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

Director

Period of report

Jan 11, 2018

Accepted (ET)

Jan 16, 2018 · 6:13 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001604191

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Jan 11, 2018	M	8,640	$2.50	A	284,266	D
Common Stock	Jan 11, 2018	M	13,680	$2.50	A	297,946	D
Common Stock	Jan 11, 2018	M	13,680	$2.50	A	13,680	I	By Spouse

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrants^F1	$2.50	Jan 11, 2018	M	13,680	D	Oct 14, 2014	Apr 12, 2020	Common Stock	13,680	0	I
Warrants^F1	$2.50	Jan 11, 2018	M	13,680	D	Mar 12, 2015	Sep 8, 2020	Common Stock	13,680	0	D
Warrants^F2,F3	$2.50	Jan 11, 2018	M	8,640	D	Oct 14, 2016	Oct 13, 2021	Common Stock	37,114	28,474	D

F1On January 11, 2018, the Reporting Person exercised warrants reported herein pursuant to a warrant repricing letter by and between the Reporting Person and the Issuer (the "Exercise Letter"). Under the terms of the Exercise Letter, the Issuer reduced the exercise price of these warrants from $5.58 per share to $2.50 per share.
F2Under the terms of the Exercise Letter, the Company reduced the exercise price of 8,640 warrants from $5.50 per share to $2.50 per share, and agreed to amend the remaining 28,474 warrants to reduce the exercise price to $3.25 per share.
F3As noted in Note 2 above, the Issuer has agreed to amend the remaining warrants to reduce the exercise price from $5.50 per share to $3.25 per share.