4//SEC Filing
KonaRed Corp 4
Accession 0001127855-14-000428
CIK 0001527355operating
Filed
Sep 17, 8:00 PM ET
Accepted
Sep 18, 5:55 PM ET
Size
12.8 KB
Accession
0001127855-14-000428
Insider Transaction Report
Form 4
KonaRed CorpOB:KRED
Roberts Shaun
DirectorPresident,CEO,Direct,Board Chr10% Owner
Transactions
- Other
Restricted Common Shares
2013-10-04−34,934,614→ 0 total(indirect: By Trust) - Award
Call options to purchase restricted common shares
2013-10-04+1,000,000→ 0 totalExercise: $0.45From: 2014-10-04Exp: 2018-10-04→ Restricted common shares (1,000,000 underlying) - Other
Restricted Control Common Shares
2013-10-04$0.00/sh+7,815,386$7,815→ 7,815,386 total - Award
Common shares
2014-05-27$0.63/sh+86,999$54,548→ 86,999 total
Footnotes (7)
- [F1]Shaun Roberts was a founder, director, officer, and a majority shareholder of Sandwich Isles Trading Co., Inc. ('SITC'), which was purchased by KonaRed Corporation ("KRED") on October 4, 2013 under an Asset Purchase Agreement. As part of this Agreement, Mr. Roberts and another SITC director were designated as trustees of 42,750,000 KRED restricted common shares to be distributed to SITC shareholders as the purchase price for SITC's assets.
- [F2]As reported by KRED in a Form S-1 filed on September 17, 2014, on May 23, 2014 SITC was dissolved as a corporation and the process of distributed KRED exchange shares began. At present date, all SITC shares in trust have been distributed to the former shareholders of SITC, which has reduced the original balance of 34,934,614 KRED shares held in trust for the SITC shareholders to zero and precipitated the requirement to file this Form 4.
- [F3]Mr. Roberts personal shareholding of exchanged KRED restricted common shares is 7,815,386, based on an exchange ratio of 1.6757 KRED shares for each 1 SITC share previously held.
- [F4]This balance of common shares relate to an award to Shaun Roberts under a Form S-8 Registration Statement filed May 27, 2014 (the "Award Shares"). KRED separately registered the Award Shares under the 33 Act, by filing on May 29, 2014 a Post-Effective amendment to the Form S-8 Registration Statement which contained a re-offer prospectus in reference to the Award Shares.
- [F5]These options were granted to Mr. Roberts on October 4, 2013, but have not yet vested. These options will vest on, or after October 4, 2014, if the stock price of KRED is trading at, or above, $1.00 per share.
- [F6]This is the price per share at which Mr. Roberts purchased these shares as a founder.
- [F7]Mr. Roberts was the trustee of these shares and was not the purchaser. Since Mr. Roberts was not the owner of these shares, no purchase price is reported.
Documents
Issuer
KonaRed Corp
CIK 0001527355
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001527355
Filing Metadata
- Form type
- 4
- Filed
- Sep 17, 8:00 PM ET
- Accepted
- Sep 18, 5:55 PM ET
- Size
- 12.8 KB