SEC Form 4 · accession 0001214659-17-007408

Hyperscale Data, Inc. · GPUS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director · 10% Owner

Period of report

Nov 28, 2017

Accepted (ET)

Dec 21, 2017 · 5:35 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000896493

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	holding	—	—		—	2,725,860	I	By Philou Ventures, LLC
Common Stock	holding	—	—		—	2,850	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Options^F1	$1.38	Nov 28, 2017	A	100,000	A	—	Nov 27, 2027	Common Stock	100,000	100,000	D
Series B Convertible Preferred Stock^F3,F2	$0.70	holding	—	—	—	—	—	Common Stock	1,428,571	100,000	I

F1On November 28, 2017, the Board of Directors of the Issuer approved the issuance of stock options to its directors and officers. Ms. Ault was granted options to purchase 100,000 shares of common stock which shall vest in monthly 1/48th increments over four years and are subject to shareholder approval.
F2The shares of Series B Convertible Preferred Stock (the "Shares") are convertible upon the earlier to occur of (i) 60 months from March 24, 2017, or (ii) upon the filing by the Issuer of one or more periodic reports that, singly or collectively, evidence(s) that the Issuer's gross revenues have reached no less than $10,000,000 in the aggregate, on a consolidated reporting basis, over four consecutive quarters in accordance with U.S. GAAP. There is no expiration date applicable to the conversion of the Shares.
F3These shares are owned by Philou Ventures, LLC, of which the Reporting Person is the Manager.