Koretsky Frank 4
4 · CLS Holdings USA, Inc. · Filed Feb 8, 2019
Insider Transaction Report
Form 4
Koretsky Frank
Director10% Owner
Transactions
- Conversion
Common Stock
2018-11-30+1,198,568→ 13,474,821 total - Conversion
Warrants
2018-11-30+1,198,568→ 1,198,568 totalExercise: $0.65From: 2018-11-30Exp: 2021-01-06→ Common Stock (1,198,568 underlying) - Conversion
Special Warrants
2018-11-30−1,089,608→ 0 totalFrom: 2018-11-30→ Units (1,089,608 underlying)
Holdings
- 5,442,544(indirect: See Footnote)
Common Stock
Footnotes (4)
- [F1]1,089,608 Special Warrants were deemed automatically exercised on behalf of, and without any further action or additional consideration required on the part of, the Reporting Person on November 30, 2018. The Special Warrants entitled the Reporting Person to acquire 1.1 Units per Special Warrant, with each Unit comprised of one common share and one common share purchase warrant, resulting in the issuance of 1,198,568 shares of common stock and common share purchase warrants to the Reporting Person. The common share purchase warrants are exercisable at CAD$0.65 per share and expire on January 6, 2021.
- [F2]Owned by Newcan Investment Partners LLC, an entity wholly owned by the Reporting Person.
- [F3]Exercisable for no additional consideration.
- [F4]The Special Warrants did not have an expiration date.