SEC Form 3 · accession 0001751322-18-000001
Nestbuilder.com Corp.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Donald McLeod
Director
Period of report
Aug 17, 2018
Accepted (ET)
Aug 27, 2018 · 8:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001725516
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 844 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible Promissory NoteF1,F2,F3 | $0.12 | holding | — | — | — | Aug 17, 2018 | — | Common Stock | 104,167 | — | D |
Explanation of responses
- F1The Reporting Person has the right, at his option, at any time, to convert the principal amount of the Note, and any accrued interest, into shares of common stock of the Issuer; provided, however, the Reporting Person does not have the right to convert any portion of the Note if he (together with his affiliates) would beneficially own in excess of 4.99% of the number of shares of the Issuer's common stock outstanding immediately after giving effect to the conversion. The Reporting Person has the right to waive the foregoing conversion limitation, in whole or in part, upon and effective after 61 days prior written notice to the Issuer.
- F2The Note is convertible, at the election of the Reporting Person, at any time prior to payment or prepayment in full and matures on February 28, 2019.
- F3Excludes shares of common stock issuable at the election of the Reporting Person upon conversion of accrued interest (both past and future) into shares of common stock.