SEC Form 4 · accession 0001354488-17-000198
Meridian Waste Solutions, Inc. · MRDN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Scott Cosman
Officer — CEO, Chairman · Director · 10% Owner
Period of report
Jan 25, 2017
Accepted (ET)
Feb 1, 2017 · 8:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000949721
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.025 per shareF1,F2,F3 | Jan 25, 2017 | A | 212,654 | — | A | 713,234 | D | |
| Common Stock, par value $0.025 per shareF1,F5,F3 | Jan 30, 2017 | A | 302,663 | — | A | 1,015,897 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants to purchase common stockF5 | $5.16 | Jan 30, 2017 | A | 302,663 | A | Jan 30, 2017 | Jan 30, 2022 | Common Stock | 302,663 | 302,663 | D |
Explanation of responses
- F1Effective November 3, 2016, the Issuer completed a 1-for-20 reverse stock split. All share amounts contained herein reflect such reverse stock split.
- F2Shares issued pursuant to 2016 Equity Incentive and Stock Plan, in accordance with the Employment Agreement between Mr. Cosman and Issuer.
- F3This amount includes 1,560 shares owned by Rush the Puck, LLC, a limited liability company in which Mr. Cosman is the majority member.
- F4Shares purchased from underwriters in the public offering of the Issuer?s common stock and warrants to purchase Issuer?s common stock pursuant to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on September 9, 2016, as amended, and as declared effective on January 24, 2017 (the ?Offering?).
- F5Pursuant to the Offering, investors purchased units (?Units?) comprised of one (1) share of the Issuer?s common stock and (1) warrant to purchase the Issuer?s common stock, for a price of $4.13 per Unit. Mr. Cosman paid $1,250,000 for 302,663 Units which include the securities.