Protea Biosciences Group, Inc. 4
4 · Protea Biosciences Group, Inc. · Filed Apr 4, 2017
Insider Transaction Report
Form 4
HOSTLER STANLEY
DirectorVice President and Secretary10% Owner
Transactions
- Other
Class A Warrant (right to buy)
2017-03-24+3,333,333→ 22,299,859 total(indirect: By Spouse)Exercise: $0.09From: 2017-03-24Exp: 2018-09-24→ Common Stock (3,333,333 underlying) - Other
Class B Warrant (right to buy)
2017-03-24+3,333,333→ 22,299,859 total(indirect: By Spouse)Exercise: $0.11From: 2017-03-24Exp: 2022-03-24→ Common Stock (3,333,333 underlying) - Other
Class A Warrant (right to buy)
2017-03-24+6,000,000→ 22,299,859 totalExercise: $0.09From: 2017-03-24Exp: 2018-09-24→ Common Stock (6,000,000 underlying) - Other
Common Stock
2017-03-24+6,000,000→ 15,761,027 total - Other
Common Stock
2017-03-24+3,333,333→ 15,761,027 total(indirect: By Spouse) - Other
Class B Warrant (right to buy)
2017-03-24+6,000,000→ 22,299,859 totalExercise: $0.11From: 2017-03-24Exp: 2022-03-24→ Common Stock (6,000,000 underlying)
Footnotes (5)
- [F1]Mr. Hostler held $450,000 of outstanding principal indebtedness and accrued unpaid interest of the Issuer ("Unsecured Debt"). On March 24, 2017, Mr. Hostler exchanged $450,000 of Unsecured Debt of the Issuer, for units of the Issuer's equity securities, consisting of (a) an aggregate of 6,000,000 shares of common stock, $0.0001 par value per share of the Issuer ("Common Stock"), valued at $0.075 per share, (b) 18 month Class A warrants to purchase 6,000,000 shares of Common Stock at an exercise price of $0.09 per share ("Class A Warrant"), and (c) five year Class B warrants to purchase another 6,000,000 shares at an exercise price of $0.1125 per share ("Class B Warrant").
- [F2]The shares of Common Stock reported in Column 5 and 7 are the number of shares of Common Stock issuable upon exercise of the Class A Warrant and/or Class B Warrant.
- [F3]Includes 6,206,637 shares of Common Stock held by Mr. Hostler's wife, Virginia Child.
- [F4]Mr. Hostler's wife, Virginia Child, held $250,000 of outstanding principal indebtedness and accrued unpaid interest of the Issuer ("Unsecured Debt"). On March 24, 2017, Ms. Child exchanged $250,000 of Unsecured Debt of the Issuer, for units of the Issuer's equity securities, consisting of (a) an aggregate of 3,333,333 shares of Issuer Common Stock, valued at $0.075 per share, (b) 18 month Class A Warrants to purchase 3,333,333 shares of Common Stock at an exercise price of $0.09 per share, and (c) five year Class B Warrants to purchase another 3,333,333 shares at an exercise price of $0.1125 per share.
- [F5]Includes 732,667 shares of Common Stock to be acquired upon the exercise of stock options and 21,567,192 shares of Common Stock to be acquired upon the exercise of warrants, including 8,242,988 warrants held by Mr. Hostler wife, Virginia Child.