SEC Form 4 · accession 0001213900-16-015079
ALLTEMP, INC. · TGNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Spider Investments, LLC
10% Owner
Edward C. DeFeudis
Officer — President, CEO and CFO · Director · 10% Owner
Period of report
Jun 30, 2016
Accepted (ET)
Jul 19, 2016 · 9:48 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000846377
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 30, 2016 | A | 1,429,786 | — | A | 1,596,786 | D | |
| Common StockF1 | Jun 30, 2016 | A | 1,429,786 | — | A | 3,026,572 | I | Spider Investments, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series C Convertible Preferred StockF1 | — | Jun 30, 2016 | A | 2,082 | A | Jun 30, 2016 | — | Common Stock | 3,189,208 | 3,189,208 | D |
| Series C Convertible Preferred StockF1 | — | Jun 30, 2016 | A | 2,082 | A | Jun 30, 2016 | — | Common Stock | 3,189,208 | 6,378,416 | I |
Explanation of responses
- F1On June 30, 2016, the Company entered into that certain Share Exchange Agreement (the "Share Exchange Agreement") by and among the Company, Venture Track, Inc., a Delaware corporation ("Venture Track") and the shareholders of Venture Track (the "Venture Track Shareholders"). Pursuant to the Share Exchange Agreement, the Company agreed to exchange the outstanding common stock of Venture Track held by the Venture Track Shareholders for 3,089,360 shares of common stock and 4,500 shares of Series C Convertible Preferred Stock, par value $0.01 per share (the "Series C Preferred Stock"), of the Company. The 4,500 shares of Series C Preferred Stock are convertible into 6,893,100 shares of the Company's common stock, at the rate of 1,531.80 per share.