SEC Form 4 · accession 0000921895-18-002113
Enveric Biosciences, Inc. · ENVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Jeffrey E. Eberwein
Director · 10% Owner
Lone Star Value Investors LP
10% Owner
Lone Star Value Investors GP LLC
10% Owner
Lone Star Value Co-Invest I, LP
10% Owner
Lone Star Value Management LLC
10% Owner
Period of report
Jul 9, 2018
Accepted (ET)
Jul 16, 2018 · 5:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000890821
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 9, 2018 | J | 1,135,768 | $0.00 | A | 1,182,932 | D | |
| Common StockF1,F4 | Jul 9, 2018 | J | 2,972,592 | $0.00 | D | 0 | I | By: Lone Star Value Investors, LP |
| 9.00% Series A Cumulative Preferred StockF1,F4 | Jul 9, 2018 | J | 405,395 | $0.00 | D | 0 | I | By: Lone Star Value Investors, LP |
| 9.00% Series A Cumulative Preferred StockF1 | Jul 9, 2018 | J | 154,893 | $0.00 | A | 154,893 | D | |
| Common StockF1,F7 | holding | — | — | — | 13,910 | I | By: Lone Star Value Co-Invest I, LP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 4 is filed jointly by Lone Star Value Investors, LP ("Lone Star Value Investors"), Lone Star Value Co-Invest I, LP ("Lone Star Value Co-Invest"), Lone Star Value Investors GP, LLC ("Lone Star Value GP"), Lone Star Value Management, LLC ("Lone Star Value Management") and Jeffrey E. Eberwein (collectively, the "Reporting Persons"). Mr. Eberwein is a director of the Issuer and each Reporting Person is a member of a reporting group that owns in the aggregate more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F2On July 9, 2018, Lone Star Value Investors engaged in a pro rata in-kind distribution of 2,972,592 shares of common stock to its partners for no consideration (the "Lone Star Value Distribution"). Mr. Eberwein received 1,135,768 shares of common stock in the Lone Star Value Distribution.
- F3Represents the distribution of all shares of common stock of the Issuer held by Lone Star Value Investors pursuant to the Lone Star Value Distribution.
- F4Securities owned directly by Lone Star Value Investors. Lone Star Value GP, as the general partner of Lone Star Value Investors, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors. Lone Star Value Management, as the investment manager of Lone Star Value Investors, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors. Mr. Eberwein, as the manager of Lone Star Value GP and sole member of Lone Star Value Management, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors for purposes of Section 16. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F5Represents the distribution of all shares of 9.00% Series A Cumulative Preferred Stock ("Preferred Stock") of the Issuer held by Lone Star Value Investors pursuant to the Lone Star Value Distribution.
- F6Mr. Eberwein received 154,893 shares of Preferred Stock in the Lone Star Value Distribution.
- F7Securities owned directly by Lone Star Value Co-Invest. Lone Star Value GP, as the general partner of Lone Star Value Co-Invest, may be deemed the beneficial owner of the securities owned by Lone Star Value Co-Invest. Lone Star Value Management, as the investment manager of Lone Star Value Co-Invest, may be deemed the beneficial owner of the securities owned by Lone Star Value Co-Invest. Mr. Eberwein, as the sole investor and sole owner of Lone Star Value Co-Invest, the manager of Lone Star Value GP and sole member of Lone Star Value Management, may be deemed the beneficial owner of the securities owned by Lone Star Value Co-Invest for purposes of Section 16. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.