SEC Form 4 · accession 0001615774-18-005209
Advanzeon Solutions, Inc. · CHCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen M. Kreitzer
Director · Other
Period of report
Jun 6, 2018
Accepted (ET)
Jun 13, 2018 · 12:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000022872
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 97,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF1 | — | Jun 6, 2018 | A | 40,000 | A | Jun 16, 2018 | Jun 18, 2023 | Common stock | 40,000 | 1,240,000 | D |
| Convertible Promissory NoteF2,F3 | — | Jun 6, 2018 | A | 0 | A | Jun 6, 2018 | — | Common stock | — | 1,240,000 | D |
Explanation of responses
- F1The Warrant is a cashless excersie warrant. The actual number of shares to be issued upon conversation will be determined at the time of conversation.
- F2The Reporting Person shall have the right to convert all or a portion of the Note including any accured and unpaid interest into shares of the Issuers's common stock at a per share price equal to the lesser of (i) 15% below the average daily closing bid price of the Issueer's common stock for the immediate preceding twenty (20) business days or (ii) $0.11.
- F3The Note matures in 12 months.