SEC Form 3 · accession 0001209191-16-089411
Nuvola, Inc. · 0000
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
BK Entertainment, L.L.C.
10% Owner
Period of report
Dec 31, 2015
Accepted (ET)
Jan 5, 2016 · 7:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001609319
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 6,138,383 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1 | $0.41 | holding | — | — | — | — | Apr 14, 2025 | Common Stock | 521,762 | — | D |
| 8% Convertible Promissory Note due 2017F2,F3 | $0.41 | holding | — | — | — | — | Nov 16, 2017 | Common Stock | 487,804 | — | D |
Explanation of responses
- F1The option is exercisable immediately.
- F2The 8% convertible promissory note in the original principal amount of $200,000.00 (the "Note") is convertible at any time that any amount of principal and interest accrued thereon remain outstanding.
- F3Based on the conversion rate of $0.41 per share on the unpaid principal amount of the Note.
Remarks
Exhibit List Exhibit 24 - Limited Power of Attorney