SEC Form 4 · accession 0001094891-15-000280
Long Blockchain Corp. · LBCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
E J Watson
10% Owner
Period of report
Jun 2, 2015
Accepted (ET)
Oct 13, 2015 · 12:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001629261
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 2, 2015 | P | 1,000 | $7.80 | A | 754,418 | I | By Cullen Inc. Holdings Ltd. |
| Common StockF1 | Jun 4, 2015 | S | 575 | $9.20 | D | 753,843 | I | By Cullen Inc. Holdings Ltd. |
| Common StockF1 | Jun 5, 2015 | S | 200 | $9.14 | D | 753,643 | I | By Cullen Inc. Holdings Ltd. |
| Common StockF1 | Jun 16, 2015 | P | 444 | $8.5253 | A | 754,087 | I | By Cullen Inc. Holdings Ltd. |
| Common StockF1 | Jun 17, 2015 | P | 1 | $8.40 | A | 754,088 | I | By Cullen Inc. Holdings Ltd. |
| Common StockF1 | Jun 22, 2015 | P | 200 | $8.50 | A | 754,288 | I | By Cullen Inc. Holdings Ltd. |
| Common StockF1 | Jun 24, 2015 | P | 67 | $8.50 | A | 754,355 | I | By Cullen Inc. Holdings Ltd. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These securities are held by Cullen Inc. Holdings Ltd., an entity controlled by the reporting person. The reporting person disclaims beneficial ownership of these securities, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F2The reporting person's sale of Long Island Iced Tea Corp. common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 775 shares, with the reporting person's purchase of 2,667 shares of Cullen Agricultural Holding Corp., the predecessor of Long Island Iced Tea Corp., at a price of $6.381 per share, on a post-split basis, on May 7, 2015. The reporting person has paid to Long Island Iced Tea Corp. $1,909.06, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.