SEC Form 4/A · accession 0001415889-18-001188
GridAI Technologies Corp. · GRDX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Edward Borkowski
Director
Period of report
Jan 11, 2018
Accepted (ET)
Jul 26, 2018 · 6:22 pm EDT
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 StockF1 | Jan 11, 2018 | M | 8,640 | $2.50 | A | 291,766 | D | |
| Common StockF1 | Jan 11, 2018 | M | 13,680 | $2.50 | A | 305,446 | D | |
| Common StockF2,F1 | Jan 11, 2018 | M | 13,680 | $2.50 | A | 319,126 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF2,F3 | $2.50 | Jan 11, 2018 | M | 13,680 | D | Oct 14, 2014 | Apr 12, 2020 | Common Stock | 13,680 | 0 | D |
| WarrantsF3 | $2.50 | Jan 11, 2018 | M | 13,680 | D | Mar 12, 2015 | Sep 8, 2020 | Common Stock | 13,680 | 0 | D |
| WarrantsF5,F4 | $2.50 | Jan 11, 2018 | M | 8,640 | D | Oct 14, 2016 | Oct 13, 2021 | Common Stock | 8,640 | 28,474 | D |
Explanation of responses
- F1The 7,500 shares issued to the Reporting Person on December 20, 2017 in connection with his services on the Issuer's Board of Directors were inadvertently omitted from the Reporting Person's holdings after the reported transactions on his original Form 4, and also omitted from one Form 4 filed by the Reporting Person after his original Form 4 was filed.
- F2These shares were inadvertently reported as being held indirectly by the Reporting Person's spouse on the Reporting Person's original Form 4. However, such shares are held jointly by the Reporting Person and his spouse, and therefore have been aggregated with the Reporting Person's direct holdings. The same error was included in one Form 4 filed by the Reporting Person after his original Form 4 was filed.
- F3On January 11, 2018, the Reporting Person exercised warrants reported herein pursuant to a warrant repricing letter by and between the Reporting Person and 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.
- F4Under the terms of the Exercise Letter, the Issuer 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.
- F5As noted in Note 2 above, the Issuer has agreed to amend the remaining warrants to reduce the exercise price rom $5.50 to $3.25 per share.