SEC Form 4 · accession 0001140361-15-014587

4Licensing Corp · FOUR

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

Reporting owner

Director

Period of report

Feb 3, 2015

Accepted (ET)

Apr 6, 2015 · 6:53 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000058592

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Apr 2, 2015	X	12,189	$0.26	A	49,389	D
Common Stock	Apr 2, 2015	S	12,189	$0.80	D	37,200	D
Common Stock^F1	holding	—	—		—	617,100	I	See Footnote

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Nonstatutory Stock Option (right to buy)^F2	$0.26	Apr 2, 2015	X	12,189	D	—	Feb 27, 2023	Common Stock	12,189	187,811	D
Common Stock Warrants (right to buy)^F3,F4	$0.65	Feb 3, 2015	P	77,708	A	Feb 3, 2015	Mar 25, 2024	Common Stock	77,708	77,708	I
Common Stock Warrants (right to buy)^F5,F4	$0.73	Mar 4, 2015	P	52,418	A	Mar 4, 2015	Mar 25, 2024	Common Stock	52,418	52,418	I

F1Represents 617,100 shares held and or managed by Cleveland Capital Management L.L.C. ("Cleveland Capital"). The Reporting Person is a managing director in Cleveland Capital and may have a pecuniary interest in the shares. The Reporting Person disclaims beneficial ownership of any shares of common stock in which he does not have a pecuniary interest.
F2The option vested in three equal installments on February 27, 2013, 2014 and 2015.
F3Represents a warrant to purchase 77,708 shares of Issuer's common stock that was acquired in connection with a transaction by the Issuer that triggered anti-dilution rights previously granted to Cleveland Capital, L.P. No separate consideration was paid by Cleveland Capital, L.P. for the warrant.
F4The warrant is held by Cleveland Capital, L.P. The general partner of Cleveland Capital, L.P. is Cleveland Capital. The reporting person is a member of Cleveland Capital and may have a pecuniary interest in the warrant and the shares underlying the warrant. The Reporting Person disclaims beneficial ownership of the warrant and any shares underlying the warrant in which he does not have a pecuniary interest.
F5Represents a warrant to purchase 52,418 shares of Issuer's common stock that was acquired in connection with a transaction by the Issuer that triggered anti-dilution rights previously granted to Cleveland Capital, L.P. No separate consideration was paid by Cleveland Capital, L.P. for the warrant.