SEC Form 4/A · accession 0001144204-18-020661

SCWorx Corp. · WORX

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

This is an amendment (Form 4/A). It replaces an earlier filing for the same period.

Reporting owner

Mark Shefts

Director

Period of report

Dec 21, 2016

Accepted (ET)

Apr 16, 2018 · 2:25 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001674227

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock par value $0.001	Aug 29, 2017	P	183,486	$200,000.00	A	222,374	D
Common Stock par value $0.001^F1	holding	—	—		—	—	I	See Footnote

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrant to Purchase Common Stock^F2	$7.43	Dec 21, 2016	J	44,446	A	Mar 2, 2017	Sep 2, 2021	Common Stock, par value $0.001	44,446	44,446	D
Warrant to Purchase Common Stock^F3	$1.50	Aug 29, 2017	P	—	A	Mar 1, 2018	Aug 28, 2020	Common Stock, par value $0.001	—	—	D

Explanation of responses

F1In addition to the 222,374 shares of common stock held directly, this also includes 151,389 shares held by the Rushcap Group, Inc., of which Mr. Shefts and his spouse, Wanda Shefts, are the sole stockholders. Mr. Shefts has voting and dispositive power over the shares held by the Rushcap Group, Inc.
F2Warrants allocated to Network 1 Financial Securities, Inc., during the initial public offering that were allocated to Mr. Shefts in conjucntion with initial public offering, prior to Mr. Shefts becoming areporting person.
F3Fully vested warrants were issued in a prior reported purchase on the Form 4 filed on January 26, 2018. The warrants were issued at a rate of one warrant per one share of common stock at a unit price of $1.09 per unit.

Remarks

The original Form 4, filed on January 26, 2018, is being amended by this Form 4 amendment to correct an administrative error, which misreported a purchase that occured on October 20, 2017 as a total of 183,486 shares of common stock, when in fact an equal number of warrants to purchase common stock were also included in that purchase and the correct purchase date was August 29, 2017. As a result of this administrative error, the number of derivative securites beneficially owned by the reporting person is updated in Table II.