SEC Form 4 · accession 0000899243-18-000085
Envela Corp · ELA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Truscott Capital, LLC
10% Owner
Period of report
Dec 15, 2017
Accepted (ET)
Jan 2, 2018 · 4:40 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 | — | 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)F1 | $0.65 | Dec 15, 2017 | J | 1,000,000 | A | Dec 9, 2016 | Dec 9, 2018 | Common Stock | 1,000,000 | 1,000,000 | D |
Explanation of responses
- F1Truscott Capital, LLC entered into a contribution agreement with its sole member on December 15, 2017. Pursuant to the contribution agreement, Truscott Capital, LLC received all of its sole member's interests in DGSE, Inc. common stock and warrants to purchase common stock.