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4//SEC Filing

Z TRIM HOLDINGS, INC 4

Accession 0001140361-15-001515

CIK 0001052257operating
View on SEC.govCompany Profile

Filed

Jan 11, 7:00 PM ET

Accepted

Jan 12, 8:33 PM ET

Size

16.9 KB

Accession

0001140361-15-001515

Insider Transaction Report

Form 4
Period: 2015-01-08
Z TRIM HOLDINGS, INCZTHO
Smith Edward B III
10% Owner
Transactions
  • Other

    Convertible Note

    2015-01-08−264,000→ 0 total
    From: 2014-11-06Exp: 2016-08-06→ See footnote (264,000 underlying)
  • Other

    Warrant

    2015-01-08+259,208→ 259,208 total
    Exercise: $0.64From: 2015-01-08Exp: 2020-01-08→ Common Stock (259,208 underlying)
  • Other

    Convertible Preferred Stock

    2015-01-08+71,211→ 71,211 total
    From: 2015-01-08Exp: 2018-01-08→ Common Stock (813,839 underlying)
  • Other

    Convertible Note

    2015-01-08−19,000→ 0 total
    From: 2014-04-30Exp: 2016-04-30→ See footnote (19,000 underlying)
  • Other

    Warrant

    2015-01-08+609,566→ 609,566 total
    Exercise: $0.64From: 2015-01-08Exp: 2020-01-08→ Common Stock (609,566 underlying)
Footnotes (3)
  • [F1]Mr. Smith exchanged two previously reported convertible notes (one with a principal amount of $264,000 and one with a principal amount of $19,000 together with accrued interest of $1,844) (together, the "Notes") in the aggregate amount (principal and interest) of $284,844 for 71,211 units (the "Units"), with each Unit consisting of one (1) share of 12.5% redeemable convertible preferred stock (the "Preferred Stock") and one (1) warrant to acquire 8.56 shares (the "Initial Warrants") of Z Trim Holdings, Inc. (the "Company") common stock, par value $0.00005 per share (the "Common Stock") at an exercise price of $0.64 per share of Common Stock. Mr. Smith received one (1) Unit for every $4.00 of debt exchanged.
  • [F2]Mr. Smith was issued an additional warrant (the "Additional Warrants") exercisable to acquire an aggregate of 259,208 shares of Common Stock at an exercise price of $0.64 per share. In connection with the acquisition of the Units, Mr. Smith acquired an aggregate of (1) 71,211 shares of Preferred Stock, (2) 609,566 Initial Warrants and (3) 259,208 Additional Warrants. The Initial Warrants and Additional Warrants are subject to certain anti-dilution and other adjustments.
  • [F3]Each share of Preferred Stock (together with any accrued but unpaid dividends thereon) is convertible into shares of Common Stock at the option of the holder at any time at a conversion price per share equal to the sum of the stated value ($4.00 per share) and any accrued but unpaid dividends thereon through the date of redemption divided by the conversion price, which will initially be $0.35 per share of Preferred Stock, subject to certain anti-dilution and other adjustments.

Documents

1 file

Issuer

Z TRIM HOLDINGS, INC

CIK 0001052257

→
Entity typeoperating
IncorporatedNV

Related Parties

1
  • filerCIK 0001052257

Filing Metadata

Form type
4
Filed
Jan 11, 7:00 PM ET
Accepted
Jan 12, 8:33 PM ET
Size
16.9 KB
View on SEC.gov