Gruneich Kevin 4
4 · LEARNING TREE INTERNATIONAL, INC. · Filed Oct 3, 2018
Insider Transaction Report
Form 4
Gruneich Kevin
Director10% Owner
Transactions
- Other
Convertible Promissory Note
2018-10-01+1,000,000→ 3,000,000 total(indirect: By Trust)Exercise: $1.00From: 2018-10-01Exp: 2028-06-29→ Common Stock (1,000,000 underlying)
Footnotes (2)
- [F1]Reflects an increase in the number of shares into which the convertible promissory note may convert due to a $1,000,000 draw by the Issuer under the associated line of credit agreement.
- [F2]These securities are held by The Kevin Ross Gruneich Legacy Trust (the "Legacy Trust") for which the designated Reporting Person's spouse, Donna Grunreich, serves as Trustee. Each of Kevin Gruneich and Donna Gruneich disclaims beneficial ownership of the securities held by the Legacy Trust except to the extent of his or her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or for any other purpose.