SEC Form 4 · accession 0000899243-16-035271
Envela Corp · ELA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elemetal, LLC
10% Owner
Period of report
Dec 7, 2016
Accepted (ET)
Dec 9, 2016 · 6:41 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000701719
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 9, 2016 | P | 8,536,585 | $0.41 | A | 12,814,727 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (right to buy)F2 | $0.65 | Dec 9, 2016 | P | 1,000,000 | A | Dec 9, 2016 | Dec 9, 2018 | Common Stock | 1,000,000 | 1,000,000 | D |
Explanation of responses
- F1Stock issuance for debt forgiveness.
- F2The warrants were issued in connection with the stock issuance for no additional consideration.