SEC Form 4 · accession 0001012975-16-001175
Solana Co · HSDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Bapty
Officer — Vice President
Period of report
Apr 18, 2016
Accepted (ET)
Apr 20, 2016 · 5:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001610853
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, Without Par ValueF1 | Apr 18, 2016 | A | 50,000 | — | A | 332,700 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF1,F2 | — | Apr 18, 2016 | A | 25,000 | A | Apr 18, 2016 | Apr 18, 2019 | Class A Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1The reported securities are included within 50,000 Units purchased by the reporting person for $.77 per Unit. Each Unit consists of one share of common stock and one half warrant. Each full warrant gives the holder the right to purchase one share of common stock. Translated into U.S. dollars from Canadian dollars based on the noon buying rate from the Federal Reserve Bank of USD$1.00 = CAD$1.3047 on April 1, 2016, based on a price of CAD$1.00.
- F2Translated into U.S. dollars from Canadian dollars based on the noon buying rate from the Federal Reserve Bank of USD$1.00 = CAD$1.3047 on April 1, 2016, based on a warrant exercise price of CAD$1.50.