SEC Form 4 · accession 0001437749-17-010695
Hyperscale Data, Inc. · GPUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kristine L Ault
Director · 10% Owner
Period of report
Jun 2, 2017
Accepted (ET)
Jun 6, 2017 · 10:43 am EDT
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 StockF1 | holding | — | — | — | 2,725,860 | I | By Philou Ventures, LLC | |
| Common Stock | holding | — | — | — | 2,850 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B Convertible Preferred StockF1,F2 | $0.70 | Jun 2, 2017 | J | 25,000 | A | — | — | Common Stock | 1,428,571 | 100,000 | I |
Explanation of responses
- F1These shares are owned by Philou Ventures, LLC, of which the Reporting Person is the Manager.
- 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.