3//SEC Filing
Timios National Corp 3
Accession 0001144204-13-065571
CIK 0001006459operating
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 4:11 PM ET
Size
6.9 KB
Accession
0001144204-13-065571
Insider Transaction Report
Form 3
YA Global Investments
10% Owner
Holdings
Convertible Preferred Stock Series J
Exercise: $0.32From: 2014-01-31→ Series A Common Stock (6,216,106 underlying)- 36,991
Common Stock
Footnotes (3)
- [F1]Please refer to Section 5 'Mandatory Conversion' of the Certificate of Designations, Preferences, and Rights of Series J Preferred Stock ("Certificate of Designation"), which memorialize the conditions in which Convertible Preferred Series J Shares ("Preferred Shares") of the Issuer would expire.
- [F2]The number of shares memorialized above, YA Global Investments, L.P. ("YA Global") is the owner of 1,989,154 Preferred Shares of the Issuer, which enable it to convert into shares of Common Stock, which it obtained through various Securities Purchase Agreements. The Certificate of Designations prohibits the holder of the Preferred Shares from converting any portion of their Preferred Shares, if such conversion would cause the aggregate number of shares of Common Stock beneficially owned by the Holder of the Preferred Shares and its affiliates to exceed 9.99% of the outstanding shares of Common Stock following such conversion.
- [F3]However on November 27, 2013, YA Global, through its Investment Manager, Yorkville Advisors, LLC ("Yorkville"), forwarded a notice to the Issuer of its intention to waive the Beneficial Ownership Limitation pursuant to Section 4.11 of the Certificate of Designation. Therefore as of January 31, 2014, YA Global would be entitled to convert into 6,216,106 Shares of Common Stock of the Issuer based upon the conversion amount of $0.32 per share of Common Stock for each share of the Preferred Shares held by YA Global.
Documents
Issuer
Timios National Corp
CIK 0001006459
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001006459
Filing Metadata
- Form type
- 3
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 4:11 PM ET
- Size
- 6.9 KB