Beedie Investments Ltd 4
4 · Accelerize Inc. · Filed Jun 20, 2019
Insider Transaction Report
Form 4
Accelerize Inc.ACLZ
Beedie Investments Ltd
10% Owner
Transactions
- Other
Common Stock Purchase Warrant
2019-06-18−7,935,000→ 0 totalExercise: $0.15From: 2019-03-02Exp: 2024-01-25→ Common Stock (7,935,000 underlying)
Footnotes (2)
- [F1]Prior to the cancellation of the Warrants on June 18, 2019, as explained below, Beedie Investments Limited ("BIL") directly owned warrants to purchase 7,935,000 shares of Common Stock of the Issuer. This Form 4 is being jointly filed by Beedie Investments Limited, a British Columbia, Canada corporation; which is 100% owned by Beedie OYII Holdings Limited, a British Columbia, Canada corporation; which is 100% owned by Beedie Holdings Limited, a British Columbia, Canada corporation; which is 100% owned by Ryan Beedie Family Trust III; 4358 Investments Limited, which is the trustee and has full control over Ryan Beedie Family Trust III; and Ryan Beedie, an individual Canadian citizen who is the trustee and sole beneficiary of the Ryan Beedie Family Trust III. All of the Reporting Persons are affiliated entities with same contact information. See Continuation of Form 4 on page 3.
- [F2]In connection with a loan (the "Loan") for up to $7,000,000 by BIL to the Issuer, made pursuant to a credit agreement between BIL and the Issuer (the "Credit Agreement", as amended), and as partial consideration for entering into six amendments to the Credit Agreement, Issuer granted to BIL 7,935,000 immediately exercisable warrants at an exercise price of $0.15 per share (the "Warrants"). In connection with the Seventh Amendment to the Credit Agreement, the parties agreed that upon repayment of the Loan, the Warrants would be cancelled. The Loan was repaid, and the Warrants were cancelled for no additional consideration, on June 18, 2019.