Vespoint LLC 4

Accession 0000899243-19-017414

CIK 0000355379other

Filed

Jun 18, 8:00 PM ET

Accepted

Jun 19, 4:05 PM ET

Size

27.0 KB

Accession

0000899243-19-017414

Form 4

Period: 2019-06-18

10% Owner

Transactions

Conversion
Common Stock
2019-06-18+24,284,825→ 97,139,299 total(indirect: By LLC)
Conversion
Common Stock
2019-06-18+48,569,650→ 150,565,914 total(indirect: By LLC)
Conversion
Series C Preferred Stock
2019-06-18−1,500,000→ 0 total(indirect: By LLC)
→ Common Stock (72,854,474 underlying)
Conversion
Senior Secured Convertible Promissory Note
2019-06-18→ 0 total(indirect: By LLC)
→ Common Stock (4,856,965 underlying)
Conversion
Senior Secured Convertible Promissory Note
2019-06-18→ 0 total(indirect: By LLC)
→ Common Stock (48,569,650 underlying)
Conversion
Senior Secured Convertible Promissory Note
2019-06-18→ 0 total(indirect: By LLC)
→ Common Stock (849,968,875 underlying)
Conversion
Common Stock
2019-06-18+72,854,474→ 72,854,474 total(indirect: By LLC)
Conversion
Common Stock
2019-06-18+4,856,965→ 101,996,264 total(indirect: By LLC)
Conversion
Common Stock
2019-06-18+849,968,875→ 1,000,534,789 total(indirect: By LLC)
Conversion
Senior Secured Convertible Promissory Note
2019-06-18→ 0 total(indirect: By LLC)
→ Common Stock (24,284,825 underlying)

10% Owner

Transactions

Conversion
Senior Secured Convertible Promissory Note
2019-06-18→ 0 total(indirect: By LLC)
→ Common Stock (4,856,965 underlying)
Conversion
Senior Secured Convertible Promissory Note
2019-06-18→ 0 total(indirect: By LLC)
→ Common Stock (849,968,875 underlying)
Conversion
Series C Preferred Stock
2019-06-18−1,500,000→ 0 total(indirect: By LLC)
→ Common Stock (72,854,474 underlying)
Conversion
Common Stock
2019-06-18+849,968,875→ 1,000,534,789 total(indirect: By LLC)
Conversion
Senior Secured Convertible Promissory Note
2019-06-18→ 0 total(indirect: By LLC)
→ Common Stock (48,569,650 underlying)
Conversion
Common Stock
2019-06-18+72,854,474→ 72,854,474 total(indirect: By LLC)
Conversion
Common Stock
2019-06-18+24,284,825→ 97,139,299 total(indirect: By LLC)
Conversion
Common Stock
2019-06-18+4,856,965→ 101,996,264 total(indirect: By LLC)
Conversion
Common Stock
2019-06-18+48,569,650→ 150,565,914 total(indirect: By LLC)
Conversion
Senior Secured Convertible Promissory Note
2019-06-18→ 0 total(indirect: By LLC)
→ Common Stock (24,284,825 underlying)

Footnotes (2)

[F1]The shares of Series C Preferred Stock (the "Preferred Stock") were issued for $1.00 per share and are convertible at any time into shares of Common Stock of the Issuer on a 48.569649333 for 1 basis. There is no expiration date for the Preferred Stock. Each of the Senior Secured Convertible Notes (the "Notes" and each a "Note") is convertible at any time prior to its maturity date on April 20, 2028 into shares of Common Stock of the Issuer on a basis of 48.569649333 shares of Common Stock for $1.00 of outstanding principal amount of Notes.
[F2]This report is filed jointly by Vespoint, LLC ("Vespoint"), Xenith Holdings LLC ("Xenith"), A. Michael Salem ("Salem") and Michael W. Minnich ("Minnich"), all of whom share beneficial ownership of more than 10% of the capital stock of the Issuer. Vespoint as managing member of Xenith may be deemed to have shared voting, investment and dispositive power over the shares held by Xenith. Salem and Minnich are each Co-Chief Executive Officers of Vespoint and in their capacity as such, may be deemed to exercise shared voting and investment power over the shares held by Reporting Persons. Each of Vespoint, Salem and Minnich disclaims beneficial ownership of such shares except to the extent of its or his pecuniary interest therein.

Documents

1 file

MIDWEST HOLDING INC.

CIK 0000355379

Entity typeother

IncorporatedDE