SEC Form 4 · accession 0001094891-16-000459

Long Blockchain Corp. · LBCC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners

10% Owner

10% Owner

Period of report

Jun 30, 2015

Accepted (ET)

Apr 6, 2016 · 4:11 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 Stock	Jun 30, 2015	P	100,872	$4.00	A	907,243	I	By Ivory Castle Limited
Common Stock^F1	Sep 30, 2015	P$0	22,500	—	A	929,743	I	By Ivory Castle Limited
Common Stock	Jan 20, 2016	S	65,000	$6.50	D	0	I	By Gallo Holdings Limited

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrants (Right to Buy)^F1	$6.00	Sep 30, 2015	P	22,500	A	Sep 17, 2015	Sep 17, 2018	Common Stock	22,500	22,500	I

F1The reporting person purchased 22,500 units from the issuer, each unit consisting of one share of the issuer's common stock and one warrant, at a price of $4.00 per unit. Each warrant entitles the holder to purchase one share of the issuer's common stock at an exercise price of $6.00 per share, subject to adjustment. The units separated immediately upon issuance. The common stock and warrants were issued separately and may be traded separately.
F2The reporting person's sale of the issuer's common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, (i) to the extent of 22,500 shares, with the reporting person's purchase of 22,500 shares included in units acquired from the issuer at a price of $4.00 per unit on September 30, 2015, and (ii) to the extent of 22,500 shares, with the reportig person's purchase of 22,500 warrants included in such units. The reporting person is paying to the issuer $56,250, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.