SEC Form 4 · accession 0001493152-16-013308

BIM HOMES, INC. · BMHM

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

Reporting owner

Armada Enterprises GP, LLC

10% Owner

Period of report

Sep 12, 2016

Accepted (ET)

Sep 14, 2016 · 11:47 am EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001644889

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common stock^F1,F2,F5	holding	—	—		—	2,000,000	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Class A Warrants^{F4,F1,F2,F5,F3}	$4.00	Sep 12, 2016	D	833	D	Jun 17, 2016	Aug 30, 2017	Common stock	833	400,167	D
Class B Warrants^{F4,F1,F2,F5,F3}	$5.00	Sep 12, 2016	D	833	D	Jun 17, 2016	Aug 30, 2017	Common stock	833	400,167	D
Class C Warrants^{F4,F1,F2,F5,F3}	$6.00	Sep 12, 2016	D	833	D	Jun 17, 2016	Aug 30, 2017	Common stock	833	400,167	D
Class D Warrants^{F4,F1,F2,F5,F3}	$7.00	Sep 12, 2016	D	833	D	Jun 17, 2016	Aug 30, 2017	Common stock	833	400,167	D
Class E Warrants^{F4,F1,F2,F5,F3}	$8.00	Sep 12, 2016	D	833	D	Jun 17, 2016	Aug 30, 2017	Common stock	833	400,167	D

Explanation of responses

F1On June 17, 2016, Armada Enterprises GP, LLC ("Armada") acquired for $200,000 (at a price of $0.10 per share of Common Stock and at no cost per warrant) from third parties (i) 2,000,000 shares of Common Stock, (ii) 401,000 Class A Warrants to purchase 401,000 shares of Common Stock at an exercise price of $4.00 per share, (iii) 401,000 Class B Warrants to purchase 401,000 shares of Common Stock at an exercise price of $5.00 per share, (iv) 401,000 Class C Warrants to purchase 401,000 shares of Common Stock at an exercise price of $6.00 per share, (v) 401,000 Class D Warrants to purchase 401,000 shares of Common Stock at an exercise price of $7.00 per share, and (vi) 401,000 Class E Warrants to purchase 401,000 shares of Common Stock at an exercise price of $8.00 per share (collectively, referred to herein as the "Securities").
F2The Securities are also owned indirectly by (i) Salvor Management, LLC ("Salvor"), as a member of Armada, (ii) George Wight ("Mr. Wight"; together with Salvor, collectively referred to herein as "Salvor Group") as (a) the sole member and manager of Salvor and (b) the managing general partner of Armada, (iii) BSF Management, LLC ("BSF"), as a member of Armada, and (iv) Wade Senti ("Mr. Senti"; together with BSF, collectively referred to herein as "BSF Group"), as the sole member and manager of BSF.
F3On August 19, 2016, BIM Homes, Inc. and Armada entered into amendments to the foregoing warrants to solely extend the expiration date of the warrants from August 30, 2016 to August 30, 2017.
F4On September 12, 2016, Armada assigned for $0 (at price of $0 per warrant) to a third party (i) 833 of the Class A Warrants to purchase 833 shares of Common Stock at an exercise price of $4.00 per share, (ii) 833 of the Class B Warrants to purchase 833 shares of Common Stock at an exercise price of $5.00 per share, (iii) 833 of the Class C Warrants to purchase 833 shares of Common Stock at an exercise price of $6.00 per share, (iv) 833 of the Class D Warrants to purchase 833 shares of Common Stock at an exercise price of $7.00 per share, and (v) 833 of the Class E Warrants to purchase 833 shares of Common Stock at an exercise price of $8.00 per share.
F5Salvor Group and BSF Group have each reported the change to their indirect beneficial ownership due to the assignments of warrants reported herein on separate Form 4s.