4//SEC Filing
Z TRIM HOLDINGS, INC 4
Accession 0001140361-15-026660
CIK 0001052257operating
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 7:50 PM ET
Size
8.3 KB
Accession
0001140361-15-026660
Insider Transaction Report
Form 4
Smith Edward B III
10% Owner
Transactions
- Other
Common Stock, $0.00005 par value
2015-06-30+64,549→ 350,164 total - Other
Warrant
2015-06-30−64,561→ 0 total→ Common Stock, $0.00005 par value (64,561 underlying)
Footnotes (2)
- [F1]On June 30, 2015, in accordance with the terms of various exchange agreements, Z Trim Holdings, Inc. (the "Company") and the holders, including the reporting person, of certain of its outstanding warrants (the "Existing Warrants") exchanged (the "Exchange") Existing Warrants for shares of the Company's common stock, par value $0.00005 per share (the "Common Stock"). The number of shares of Common Stock received in the Exchange was the equivalent number of shares of Common Stock that would have been issued if the exercise price of the Existing Warrants had been $0.00005 per share. The holders of the shares of Common Stock received in the Exchange, including the reporting person, are prohibited from selling or transferring these shares for a period of one year from the date of issuance.
- [F2]The Existing Warrants were exercisable at the time of the Exchange and had expiration dates ranging from January 2011 to January 2016. Due to the application of anti-dilution provisions (a) the number of shares of Common Stock issuable upon exercise of the Existing Warrants increased from 18,077 shares to 64,561 shares, and (b) the exercise price of the Existing Warrants decreased from a range of $1.50-$1.25 to $0.35 per share.
Documents
Issuer
Z TRIM HOLDINGS, INC
CIK 0001052257
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001052257
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 7:50 PM ET
- Size
- 8.3 KB