SEC Form 4 · accession 0001445866-16-002626
Red Cat Holdings, Inc. · RCAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Rassas
Officer — Chief Strategy Officer
Period of report
Sep 13, 2016
Accepted (ET)
Sep 15, 2016 · 4:48 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000748268
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 13, 2016 | A | 5,049,242 | — | A | 5,049,242 | I | By limited partnership |
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 | $0.058 | Sep 13, 2016 | A | 340,885 | A | Sep 13, 2016 | Sep 7, 2021 | Common Stock | 340,885 | 340,885 | I |
Explanation of responses
- F1On September 13, 2016, the issuer acquired Timefire LLC, a privately-held limited liability company ("Timefire") through a merger of Timefire with a subsidiary of the issuer. As merger consideration, holders of Timefire's securities received shares of the issuer's common stock and warrants with the terms reported above. The reporting person, a former security holder of Timefire, acquired these securities in connection with the merger. The closing price of the issuer's common stock on the OTCQB on September 13, 2016 was $.0452.