SEC Form 4 · accession 0001213900-17-009383
iFresh Inc · IFMK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Long Deng
Officer — CEO, COO and COB · Director · 10% Owner
Period of report
Jun 16, 2017
Accepted (ET)
Sep 1, 2017 · 4:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001681941
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 16, 2017 | P | 16,000 | $8.93 | A | 11,172,000 | D | |
| Common Stock | Jul 12, 2017 | C | 16,000 | $8.93 | A | 11,188,000 | D | |
| Common StockF1 | Jul 13, 2017 | A | 50,000 | — | A | 11,238,000 | D | |
| Common Stock | Aug 15, 2017 | C | 192,000 | $8.93 | A | 11,430,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Agreement to PurchaseF2 | $8.93 | Jun 16, 2017 | C | 16,000 | D | May 10, 2017 | — | Common Stock | 16,000 | 208,000 | D |
| Agreement to PurchaseF2 | $8.93 | Jul 12, 2017 | C | 16,000 | D | May 10, 2017 | — | Common Stock | 16,000 | 192,000 | D |
| Agreement to PurchaseF2 | $8.93 | Jun 16, 2017 | C | 192,000 | D | May 10, 2017 | — | Common Stock | 192,000 | 0 | D |
Explanation of responses
- F1Issued by Company in consideration of the sale of a supermarket by the reporting person to the registrant.
- F2On May 10, 2017, the reporting person entered into agreements to purchase 280,000 shares of common stock at a price of $8.93 per share. 56,000 of such shares were purchased immediately and the remaining shares were purchasable in three tranches over the course of a three month period.