SEC Form 3 · accession 0000891839-18-000093
Jerash Holdings (US), Inc. · JRSH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karl Brenza
Officer — Head of U.S. Operations
Period of report
Sep 12, 2018
Accepted (ET)
Sep 27, 2018 · 3:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001696558
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 306,500 | I | By Dayspring Capital, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $6.12 | holding | — | — | — | — | Aug 3, 2028 | Common Stock | 100,000 | — | D |
| Warrant (Right to Buy) | $6.25 | holding | — | — | — | May 15, 2017 | May 15, 2022 | Common Stock | 5,000 | — | D |
| Warrant (Right to Buy)F3 | $5.50 | holding | — | — | — | Jul 15, 2017 | May 15, 2022 | Units | 23,643 | — | D |
| Warrant (Right to Buy)F3 | $5.50 | holding | — | — | — | Oct 18, 2017 | Aug 18, 2022 | Units | 7,487 | — | D |
Explanation of responses
- F1Mr. Brenza is the Managing Member of Dayspring Capital, LLC.
- F2This option was granted to Mr. Brenza under the Company's 2018 Stock Incentive Plan and vests in three equal installments on 8/3/2018, 2/3/2019, and 8/3/2019, provided that Mr. Brenza is serving as Head of U.S. Operations on each vesting date.
- F3Units consist of one share of common stock and one warrant (with each warrant being immediately exercisable for one-tenth of one share of common stock at an exercise price of $6.25 per share for a period of five years from the issuance date).