SEC Form 4 · accession 0001140361-18-016973
AURA SYSTEMS INC · AUSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Warren Breslow
10% Owner
Period of report
Feb 14, 2018
Accepted (ET)
Apr 4, 2018 · 1:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000826253
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Feb 28, 2018 | P | 7,447,178 | $1.62 | A | 7,682,751 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Warrants (right to buy)F4 | $1.40 | Feb 14, 2018 | P | 900,000 | A | Feb 14, 2018 | Feb 14, 2023 | Common Stock | 900,000 | 900,000 | D |
Explanation of responses
- F1Of the 7,682,751 shares of common stock, par value $0.0001 per share ("Common Stock"), reported on this Form 4: (a) 68,681 shares of Common Stock (the "Lancelot Shares") are held of record by Lancelot Group GP, LLC ("Lancelot") of which, Warren Breslow (the "Reporting Person") is the manager. By virtue of the Reporting Person's direct or indirect control of Lancelot, the Reporting Person may be deemed to beneficially own some or all of the Lancelot Shares but disclaims beneficial ownership of the Lancelot Shares except to the extent of the Reporting Person's pecuniary interest therein;
- F2(b) 135,457 shares of Common Stock (the "Texas Ridge Shares") are held of record by Texas Ridge Investment Co., A California Limited Partnership ("Texas Ridge") of which, the Reporting Person is a trustee of the general partner. By virtue of the Reporting Person's direct or indirect control of Texas Ridge, the Reporting Person may be deemed to beneficially own some or all of the Texas Ridge Shares but disclaims beneficial ownership of the Texas Ridge Shares except to the extent of the Reporting Person's pecuniary interest therein; and
- F3(c) 7,478,613 shares of Common Stock (the "Breslow Trustee Shares") are held of record by the Reporting Person as Trustee of The Survivor's Trust Under the Warren L. Breslow Trust (the "Breslow Trust"). By virtue of the Reporting Person's control of the Breslow Trust, the Reporting Person may be deemed to beneficially own some or all of the Breslow Trust Shares but disclaims beneficial ownership of the Breslow Trustee Shares except to the extent of the Reporting Person's pecuniary interest therein.
- F4The Breslow Trust was issued warrants to acquire these shares of Common Stock.