SEC Form 4 · accession 0000899243-18-000084
Envela Corp · ELA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elemetal, LLC
10% Owner
Period of report
Dec 15, 2017
Accepted (ET)
Jan 2, 2018 · 4:38 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 15, 2017 | J | 12,814,727 | — | D | 0 | 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)F1 | $0.65 | Dec 15, 2017 | J | 1,000,000 | D | Dec 9, 2016 | Dec 9, 2018 | Common Stock | 1,000,000 | 0 | D |
Explanation of responses
- F1Elemetal, LLC contributed its interests in DGSE, Inc. common stock and warrants to purchase common stock to its wholly owned subsidiary on December 15, 2017. Future filings will be made by Truscott Capital, LLC, Elemetal's wholly owned subsidiary.