Fengate Capital Management Ltd. 4
4 · Trident Brands Inc · Filed Mar 20, 2020
Insider Transaction Report
Form 4
Fengate Trident LP
10% Owner
Transactions
- Expiration (Short)
Convertible Promissory Note due May 31, 2020
2020-01-09→ 9,501,440 totalExercise: $0.71From: 2016-09-27Exp: 2020-05-31→ Common Stock (945,640 underlying) - Expiration (Short)
Convertible Promissory Note due May 31, 2020
2020-01-09→ 7,038,840 totalExercise: $0.71From: 2016-09-27Exp: 2020-05-31→ Common Stock (3,445,437 underlying) - Expiration (Short)
Convertible Promissory Note due May 31, 2020
2020-01-09→ 1,684,529 totalExercise: $0.60From: 2017-05-09Exp: 2020-05-31→ Common Stock (8,923,852 underlying) - Expiration (Short)
Convertible Promissory Note due May 31, 2020
2020-01-09→ 10,177,329 totalExercise: $0.60From: 2016-09-27Exp: 2020-05-31→ Common Stock (8,657,074 underlying) - Expiration (Short)
Convertible Promissory Note due May 31, 2020
2020-01-09→ 0 totalExercise: $0.60From: 2018-05-16Exp: 2020-05-31→ Common Stock (2,807,548 underlying)
Footnotes (4)
- [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]The transactions involved the amendment of outstanding convertible notes to change the exercise price from a fixed exercise price to an exercise price based on a floating rate formula. The amendment is reported to reflect a potential deemed cancellation of the existing convertible notes and replacement with new convertible notes, which are not reportable pursuant to Rule 16a-1(c)(6).
- [F3]The amount reflects face value of the Convertible Promissory Notes plus accrued interest to the transaction date.
- [F4]The Convertible Promissory Notes are subject to accrual of interest such that the number of shares will increase over time.