4//SEC Filing
HERSHEY ADAM 4
Accession 0001104659-20-088525
CIK 0001477009other
Filed
Jul 29, 8:00 PM ET
Accepted
Jul 30, 8:08 PM ET
Size
21.9 KB
Accession
0001104659-20-088525
Insider Transaction Report
Form 4
Hershey Strategic Capital, LP
10% Owner
Transactions
- Award
Warrants to purchase common stock
2020-07-28+376,600→ 376,600 total(indirect: See footnote)Exercise: $0.56From: 2020-07-28Exp: 2025-05-29→ Common stock (376,600 underlying) - Purchase
Common Stock
2020-07-28$0.40/sh+502,134$200,000→ 2,510,670 total(indirect: See footnote (1) and) - Purchase
Common Stock
2020-07-28$0.40/sh+1,544,062$615,000→ 5,021,340 total(indirect: See footnote) - Award
Warrants to purchase common stock
2020-07-28+1,158,047→ 1,158,047 total(indirect: See footnote)Exercise: $0.56From: 2020-07-28Exp: 2025-05-29→ Common stock (1,158,047 underlying)
HERSHEY STRATEGIC CAPITAL GP, LLC
10% Owner
Transactions
- Award
Warrants to purchase common stock
2020-07-28+376,600→ 376,600 total(indirect: See footnote)Exercise: $0.56From: 2020-07-28Exp: 2025-05-29→ Common stock (376,600 underlying) - Purchase
Common Stock
2020-07-28$0.40/sh+1,544,062$615,000→ 5,021,340 total(indirect: See footnote) - Purchase
Common Stock
2020-07-28$0.40/sh+502,134$200,000→ 2,510,670 total(indirect: See footnote (1) and) - Award
Warrants to purchase common stock
2020-07-28+1,158,047→ 1,158,047 total(indirect: See footnote)Exercise: $0.56From: 2020-07-28Exp: 2025-05-29→ Common stock (1,158,047 underlying)
HERSHEY MANAGEMENT I, LLC.
10% Owner
Transactions
- Purchase
Common Stock
2020-07-28$0.40/sh+502,134$200,000→ 2,510,670 total(indirect: See footnote (1) and) - Award
Warrants to purchase common stock
2020-07-28+376,600→ 376,600 total(indirect: See footnote)Exercise: $0.56From: 2020-07-28Exp: 2025-05-29→ Common stock (376,600 underlying) - Purchase
Common Stock
2020-07-28$0.40/sh+1,544,062$615,000→ 5,021,340 total(indirect: See footnote) - Award
Warrants to purchase common stock
2020-07-28+1,158,047→ 1,158,047 total(indirect: See footnote)Exercise: $0.56From: 2020-07-28Exp: 2025-05-29→ Common stock (1,158,047 underlying)
Hershey Management IV, LLC
10% Owner
Transactions
- Purchase
Common Stock
2020-07-28$0.40/sh+502,134$200,000→ 2,510,670 total(indirect: See footnote (1) and) - Purchase
Common Stock
2020-07-28$0.40/sh+1,544,062$615,000→ 5,021,340 total(indirect: See footnote) - Award
Warrants to purchase common stock
2020-07-28+376,600→ 376,600 total(indirect: See footnote)Exercise: $0.56From: 2020-07-28Exp: 2025-05-29→ Common stock (376,600 underlying) - Award
Warrants to purchase common stock
2020-07-28+1,158,047→ 1,158,047 total(indirect: See footnote)Exercise: $0.56From: 2020-07-28Exp: 2025-05-29→ Common stock (1,158,047 underlying)
HERSHEY ADAM
Director10% Owner
Transactions
- Award
Warrants to purchase common stock
2020-07-28+1,158,047→ 1,158,047 total(indirect: See footnote)Exercise: $0.56From: 2020-07-28Exp: 2025-05-29→ Common stock (1,158,047 underlying) - Purchase
Common Stock
2020-07-28$0.40/sh+502,134$200,000→ 2,510,670 total(indirect: See footnote (1) and) - Purchase
Common Stock
2020-07-28$0.40/sh+1,544,062$615,000→ 5,021,340 total(indirect: See footnote) - Award
Warrants to purchase common stock
2020-07-28+376,600→ 376,600 total(indirect: See footnote)Exercise: $0.56From: 2020-07-28Exp: 2025-05-29→ Common stock (376,600 underlying)
Shore Ventures III, LP
10% Owner
Transactions
- Purchase
Common Stock
2020-07-28$0.40/sh+502,134$200,000→ 2,510,670 total(indirect: See footnote (1) and) - Purchase
Common Stock
2020-07-28$0.40/sh+1,544,062$615,000→ 5,021,340 total(indirect: See footnote) - Award
Warrants to purchase common stock
2020-07-28+376,600→ 376,600 total(indirect: See footnote)Exercise: $0.56From: 2020-07-28Exp: 2025-05-29→ Common stock (376,600 underlying) - Award
Warrants to purchase common stock
2020-07-28+1,158,047→ 1,158,047 total(indirect: See footnote)Exercise: $0.56From: 2020-07-28Exp: 2025-05-29→ Common stock (1,158,047 underlying)
Footnotes (3)
- [F1]Represents shares of the common stock of the Issuer, and warrants to purchase shares of the common stock of the Issuer, that were acquired by Hershey Strategic Capital, LP ("HSC LP") on July 28, 2020 at a third closing effected pursuant to a Subscription Agreement dated as of May 29, 2020 among HSC LP, Shore Ventures III, LP ("Shore Ventures") and the Issuer. Such shares of common stock and warrants are held directly by HSC LP. Hershey Management I, LLC is the investment advisor of HSC LP. Hershey Strategic Capital GP, LLC is the general partner of HSC LP. (continue with footnote 2)
- [F2]Adam Hershey is the sole managing member of both Hershey Management I, LLC and Hershey Strategic Capital GP, LLC. As the investment advisor of HSC LP, Hershey Management I, LLC, which is controlled by Mr. Hershey, has the voting and dispositive power with respect to all of the securities of the Issuer owned by HSC LP. Each of Hershey Management I, LLC, Hershey Strategic Capital GP, LLC and Adam Hershey disclaims beneficial ownership in the securities of the Issuer held directly by HSC LP except to the extent of its pecuniary interest therein.
- [F3]Represents shares of the common stock of the Issuer, and warrants to purchase shares of the common stock of the Issuer, that were acquired by Shore Ventures on July 28, 2020 at a third closing effected pursuant to a Subscription Agreement dated as of May 29, 2020 among HSC LP, Shore Ventures and the Issuer. Such shares of common stock and warrants are held directly by Shore Ventures. Hershey Management IV, LLC is the general partner of Shore Ventures. Adam Hershey is the sole managing member of Hershey Management IV, LLC. As the general partner of Shore Ventures, Hershey Management IV, LLC, which is controlled by Mr. Hershey, has the voting and dispositive power with respect to all of the securities of the Issuer owned by Shore Ventures. Each of Hershey Management IV, LLC and Adam Hershey disclaims beneficial ownership in the securities of the Issuer held directly by Shore Ventures except to the extent of its pecuniary interest therein.
Documents
Issuer
GENERAL CANNABIS CORP
CIK 0001477009
Entity typeother
Related Parties
1- filerCIK 0001440975
Filing Metadata
- Form type
- 4
- Filed
- Jul 29, 8:00 PM ET
- Accepted
- Jul 30, 8:08 PM ET
- Size
- 21.9 KB