Fengate Capital Management Ltd. 4/A
4/A · Trident Brands Inc · Filed Mar 20, 2020
Insider Transaction Report
Form 4/AAmended
Fengate Trident LP
10% Owner
Holdings
Convertible Promissory Note due May 31, 2020
→ Common StockConvertible Promissory Note due May 31, 2020
→ Common StockConvertible Promissory Note due May 31, 2020
→ Common Stock
Footnotes (5)
- [F1]Fengate Trident LP is a private investment limited partnership that may be deemed the direct beneficial owner of the securities referred to herein. Fengate Capital Management Ltd. is the investment manager to and Fengate Trident GP, Inc. is the general partner of Fengate Trident LP. Each of the Reporting Persons disclaims beneficial ownership of the securities referred to herein except to the extent of their pecuniary interest therein.
- [F2]On November 5, 2019, a Form 4 filed by the reporting persons inadvertently included the acquisition of Convertible Promissory Notes with fixed conversion prices of $0.43 and $0.334 when in fact they had exercise prices based on a floating rate formula and therefore were not reportable pursuant to Rule 16a-1(c)(6).
- [F3]As of November 5, 2019, the reporting persons actually held $12,300,000 face value of fixed conversion price Convertible Notes, which were subject to accrual of interest such that the value would increase over time.
- [F4]On November 7, 2019, a Form 4 was filed by the reporting persons inadvertently reporting the acquisition of Convertible Promissory Notes with a fixed conversion price of $0.25 when in fact they had an exercise price based on a floating rate formula and therefore were not reportable pursuant to Rule 16a-1(c)(6).
- [F5]As of November 7, 2019, the reporting persons actually held $12,300,000 face value of fixed conversion price Convertible Notes, which were subject to accrual of interest such that the value would increase over time.