4//SEC Filing
CARRERE BARRETT A 4
Accession 0001144204-10-036741
CIK 0001402212other
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 4:44 PM ET
Size
11.0 KB
Accession
0001144204-10-036741
Insider Transaction Report
Form 4
CARRERE BARRETT A
Chief Financial Officer
Transactions
- Purchase
Common Stock
2010-07-01+5,000→ 5,000 total - Purchase
Warrant to purchase common stock ("Par Value Warrant")
2010-07-01+0→ 0 totalExercise: $0.00→ Common Stock - Purchase
Warrant to purchase common stock ("Base Warrant")
2010-07-01+2,500→ 2,500 totalExercise: $1.00→ Common Stock (2,500 underlying)
Footnotes (4)
- [F1]Mr. Carrere purchased 2,500 Units, each consisting of (i) two shares of our common stock, (ii) a warrant ("Base Warrant") to purchase one share of the Issuer's common stock at an exercise price of $1.00, subject to adjustment and (iii) a warrant (the "Par Value Warrant" and together with the Base Warrants, the "Warrants") to purchase a number of additional shares of the Issuer's common stock, at par value, to be determined upon the closing of an equity financing by the Issuer yielding gross proceeds to the Issuer of not less than $2,000,000 (a "Qualified Financing"). The price per Unit was $2.00.
- [F2]The exercise price of the Base Warrant is initially $1.00; upon the completion of the Qualified Financing, the exercise price will be adjusted to equal the per share value of the Issuer's common stock in the Qualified Financing (the "Qualified Price").
- [F3]The Base Warrant will be exercisable upon the earlier of (i) one year following the date of issuance and (ii) six months after the initial closing of an initial public offering of the Issuer's securities and will remain exercisable until the earlier of (i) the third anniversary of the date of exercisability and (ii) redemption of the Base Warrant by the Company under certain conditions.
- [F4]The number of shares issuable pursuant to the Par Value Warrant will be determined by subtracting the number of shares of common stock included in the Units initially purchased from the number obtained by dividing the aggregate purchase price paid for such Units by the Qualified Price. The Par Value Warrant may be exercised commencing six months after the initial closing of an initial public offering of the Issuer's securities and will remain exercisable for a period of thirty days thereafter.
Documents
Issuer
FIRST BLUSH BRANDS, INC.
CIK 0001402212
Entity typeother
Related Parties
1- filerCIK 0001491804
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 4:44 PM ET
- Size
- 11.0 KB