4//SEC Filing
Adler Yaron 4
Accession 0001062993-19-001152
CIK 0001460602other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 6:52 PM ET
Size
17.1 KB
Accession
0001062993-19-001152
Insider Transaction Report
Form 4
Orgenesis Inc.ORGS
Adler Yaron
Director
Transactions
- Conversion
Common Stock
2018-06-11+37,662→ 37,662 total(indirect: Held through Yaron Adler Investment (1999) LTD) - Award
Warrants
2014-03-04+16,026→ 16,026 total(indirect: Held through Yaron Adler Investment (1999) LTD)Exercise: $6.24From: 2017-03-04Exp: 2017-03-04→ Common Stock (16,026 underlying) - Award
Warrants
2015-11-30+9,616→ 9,616 total(indirect: Held through Yaron Adler Investment (1999) LTD)Exercise: $6.24From: 2018-11-30Exp: 2018-11-30→ Common Stock (9,616 underlying) - Purchase
6% Convertible Note
2014-09-15+100,000→ 100,000 total(indirect: Held through Yaron Adler Investment (1999) LTD)Exercise: $4.80From: 2014-09-15Exp: 2015-03-15→ Common Stock - Conversion
6% Convertible Note
2018-06-11−100,000→ 0 total(indirect: Held through Yaron Adler Investment (1999) LTD)Exercise: $4.80From: 2014-09-15Exp: 2015-03-15→ Common Stock (37,662 underlying) - Award
Stock Option
2016-12-09+41,667→ 41,667 totalExercise: $4.80Exp: 2026-12-09→ Common Stock (41,667 underlying)
Footnotes (4)
- [F1]These securities were acquired by the reporting person upon the conversion of a convertible note as described in footnote 3 below.
- [F2]Represents post-reverse stock split amounts.
- [F3]Represents an unsecured convertible note with a maturity date of March 15, 2015 (the "Maturity Date") issued by the Issuer to the reporting person on September 15, 2014 for a loan of $100,000 (the "Principal Amount"). The Principal Amount and any accrued but unpaid interest was convertible into shares of common stock of the Issuer (each a "Conversion Share") at a conversion price of $0.40 per Conversion Share. The conversion price per Conversion Share was adjusted to $4.80 as a result of the post-reverse stock split. Interest accrued daily at a rate of 6% per 360-day year and, due to default, increased to 24% per 360-day year, including the Principal Amount and any accrued but unpaid interest, from and after the Maturity Date. On June 11, 2018, the reporting person converted the loan and any accrued but unpaid interest and received 37,662 Conversion Shares in full satisfaction of the convertible note.
- [F4]These non-plan options were awarded to purchase shares of common stock of the Issuer and vested in equal quarterly installments over a two-year period from the award date.
Issuer
Orgenesis Inc.
CIK 0001460602
Entity typeother
Related Parties
1- filerCIK 0001389678
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 6:52 PM ET
- Size
- 17.1 KB