4//SEC Filing
RenovaCare, Inc. 4
Accession 0001062359-16-000001
$RCARCIK 0001016708operating
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 5:22 PM ET
Size
13.9 KB
Accession
0001062359-16-000001
Insider Transaction Report
Form 4
RenovaCare, Inc.RCAR
RAYAT HARMEL S
10% Owner
Transactions
- Other
Common Stock, par value $0.00001
2015-12-31$1.95/sh+12,000$23,400→ 35,576,800 total(indirect: Kalen Capital Corporation) - Other
Common Stock, par value $0.00001
2015-12-31+3,800,000→ 42,376,800 total(indirect: Kalen Capital Corporation) - Other
Common Stock, par value $0.00001
2015-12-31+3,000,000→ 38,576,800 total(indirect: Kalen Capital Corporation) - Other
Series D Stock Purchase Warrant
2015-12-31$1.10/sh+800,000$880,000→ 7,800,000 total(indirect: Kalen Capital Corporation)Exercise: $1.10From: 2015-06-05Exp: 2020-06-05→ Common stock, par value $0.00001 (800,000 underlying)
Footnotes (7)
- [F1]On December 31, 2015, Kalen Capital Corporation purchased 12,000 shares of the Issuers common stock in a private transaction for the aggregate amount of $23,400.
- [F2]Does not include derivative securities owned by Kalen Capital Corporation; see footnote 7.
- [F3]Mr. Rayat is the sole shareholder and sole director of Kalen Capital Corporation.
- [F4]For estate planning purposes, on December 31, 2015, the KJR Family Trust (KJR), a trust formed for the benefit of Mr. Rayats son, of which Mr. Rayat is not a beneficiary, and the sole owner of the all of the issued and outstanding shares of 1420524 Alberta Ltd. (1420524 Alberta), wound up and dissolved (the KJR Dissolution). As part of the KJR Dissolution, KJR distributed the shares of 1420524 Alberta to Mr. Rayats wife, who sold the shares of 1420524 Alberta to Kalen Capital Corporation for $1.00, upon which time Kalen Capital Corporation filed to amalgamate 1420524 Alberta into Kalen Capital Corporation, thereby combining the two companies, with Kalen Capital Corporation being the surviving entity. 1420524 Albertas assets consist of, among other things, 3,000,000 shares of the Issuers common stock.
- [F5]For estate planning purposes, on December 31, 2015, the TJR Family Trust (TJR), a trust formed for the benefit of Mr. Rayats daughter, of which Mr. Rayat is not a beneficiary, and the sole owner of the all of the issued and outstanding shares of 1420468 Alberta Ltd. (1420468 Alberta), wound up and dissolved (the TJR Dissolution). As part of the TJR Dissolution, TJR distributed the shares of 1420468 Alberta to Mr. Rayats wife, who sold the shares of 1420468 Alberta to Kalen Capital Corporation for $1.00, upon which time Kalen Capital Corporation filed to amalgamate 1420468 Alberta into Kalen Capital Corporation, thereby combining the two companies, with Kalen Capital Corporation being the surviving entity. 1420468 Albertas assets consist of, among other things, 3,800,000 shares of the Issuers common stock and a Series D Stock Purchase Warrant to purchase up to 800,000 shares of the Issuers common stock.
- [F6]The Series D Stock Purchase Warrants may be exercised on a cashless basis.
- [F7]Consists of (a) a Series B Stock Purchase Warrant to purchase up to 3,500,000 shares of the Issuers common stock at an exercise price of $0.46 per share through November 29, 2018; (b) a Series C Stock Purchase Warrant to purchase up to 3,500,000 shares of the Issuers common stock at an exercise price of $0.49 per share through November 29, 2018; and (c) a Series D Stock Purchase Warrant to purchase up to 800,000 shares of the Issuers common stock at an exercise price of $1.10 per share through June 5, 2020. Each of the foregoing warrants may be exercised on a cashless basis.
Documents
Issuer
RenovaCare, Inc.
CIK 0001016708
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001016708
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 5:22 PM ET
- Size
- 13.9 KB