4//SEC Filing
Q LOTUS HOLDINGS INC 4
Accession 0001019056-14-001490
CIK 0001391142operating
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 3:06 PM ET
Size
6.9 KB
Accession
0001019056-14-001490
Insider Transaction Report
Form 4
Goldstein Joshua
10% Owner
Transactions
- Purchase
Warrants (Right to buy)
2014-12-02+0→ 0 total(indirect: See Footnote)From: 2015-02-12Exp: 2017-12-02→ Common Stock
Footnotes (3)
- [F1]This transaction reflects the acquisition of warrants of the issuer (the "Warrants") by JTG Holdings, LLC (the "Company") pursuant to a private transaction. Joshua T. Goldstein may be deemed to have beneficial ownership over the shares of common stock in his role as beneficial owner of 99% of the outstanding membership interests of the Company. Joshua T. Goldstein disclaims, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that Joshua T. Goldstein is the beneficial owner of such securities for purposes of Section 16 or for any other purposes.
- [F2]The exercise price of the warrants is equal to (i) $175,000, divided by (ii) the average closing price from the preceding 10 days prior to the exercise of the Warrants. There is no fixed number of derivative securities to be purchased and, as a result, no amount of underlying shares of common stock which may be exercised.
- [F3]The Warrants were granted to the Company at no cost to the Company in connection with a loan provided by an affiliate of the Company to the issuer.
Documents
Issuer
Q LOTUS HOLDINGS INC
CIK 0001391142
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001391142
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 3:06 PM ET
- Size
- 6.9 KB