SEC Form 4/A · accession 0001437749-17-020062
Hyperscale Data, Inc. · GPUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
William B Horne
Director
Period of report
Nov 22, 2017
Accepted (ET)
Dec 1, 2017 · 4:15 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 StockF1 | Nov 22, 2017 | A | 200,000 | — | A | 200,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF1 | $0.63 | Nov 22, 2017 | A | 1,000,000 | A | — | Nov 22, 2027 | Common Stock | 0 | 1,200,000 | D |
Explanation of responses
- F1On its original Form 4, the reporting person indicated that for services, he was issued (a) 200,000 shares of common stock of which fifty percent (50%) of such common stock shall immediately vest with the remaining balance vesting once Avalanche International Corporation is current with its periodic reports with the SEC; and (b) options to purchase 1,000,000 shares of common stock at $0.63 per share which shall vest ratably over 48 months. This amendment will clarify that the forgoing issuances of common stock and stock options are subject to shareholder approval in order to comply with NYSE American LLC Company Guide and therefore are not deemed to be issued. This filing is made only for informational purposes.