SEC Form 4 · accession 0001356629-17-000001
INTERNATIONAL BARRIER TECHNOLOGY INC · IBTGF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J Corcoran
Director
Period of report
Jan 20, 2017
Accepted (ET)
Jan 24, 2017 · 10:35 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000890543
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Jan 20, 2017 | M | 1,300,000 | $0.10 | A | 3,054,287 | I | Corcoran Enterprises, Inc. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF2 | $0.10 | Jan 20, 2017 | A | 1,300,000 | A | Jan 20, 2017 | Jan 20, 2019 | Common Stock | 1,300,000 | 1,300,000 | I |
Explanation of responses
- F1Conversion of $130,000 convertible debenture agreement into 1,300,000 common shares at $0.10 each.
- F2Grant of 1,300,000 warrants for a common share purchase at $0.10 per share as a result of conversion of convertible debenture agreement.