RenovaCare, Inc. 4
4 · RenovaCare, Inc. · Filed Feb 3, 2016
Insider Transaction Report
Form 4
RenovaCare, Inc.RCAR
RAYAT HARMEL S
10% Owner
Transactions
- Conversion
Series B Stock Purchase Warrant
2016-02-02$0.46/sh−2,173,913$1,000,000→ 5,626,087 total(indirect: Kalen Capital Corporation)Exercise: $0.46From: 2013-11-29Exp: 2018-11-29→ Common stock, par value $0.00001 (1,326,087 underlying) - Purchase
Common stock, par value $0.00001
2016-02-02$0.46/sh+2,173,913$1,000,000→ 44,550,713 total(indirect: Kalen Capital Corporation)
Footnotes (5)
- [F1]On February 2, 2016, Kalen Capital Corporation exercised a Series B Stock Purchase Warrant for 2,173,913 shares of Issuers common stock at an exercise price of $0.46 per share for payment of $999,999.98.
- [F2]Does not include derivative securities beneficially owned by Mr. Rayat.
- [F3]Mr. Rayat is the sole shareholder and sole director of Kalen Capital Corporation.
- [F4]Represents the number of shares remaining issuable upon exercise of the Series B Stock Purchase Warrant.
- [F5]Includes (a) a Series B Stock Purchase Warrant to purchase up to 1,326,087 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.