3//SEC Filing
Vespoint LLC 3
Accession 0001206774-18-001985
CIK 0000355379other
Filed
Jul 10, 8:00 PM ET
Accepted
Jul 11, 4:04 PM ET
Size
8.4 KB
Accession
0001206774-18-001985
Insider Transaction Report
Form 3
Vespoint LLC
10% Owner
Holdings
- (indirect: By LLC)
Senior Secured Convertible Promissory Note
→ Common Stock (24,284,825 underlying) - (indirect: By LLC)
Series C Preferred Stock
→ Common Stock (72,854,474 underlying) - (indirect: By LLC)
Senior Secured Convertible Promissory Note
→ Common Stock (4,856,965 underlying)
Footnotes (2)
- [F1]The shares of Series C Preferred Stock (the "Preferred Stock") are convertible at any time into shares of Common Stock of the Issuer on a 48.569649333 for I basis. Each of the Senior Secured Convertible Notes (the "Notes" and each a "Note") are convertible at any time into shares of Common Stock of the Issuer at the same ratio based on the outstanding principal amount of such Notes; provided, however, the Note convertible into 4,856,965 shares of Common Stock may not be converted until such time there are sufficient authorized shares of Common Stock under the Issuer's articles of incorporation. There is no expiration date for the Preferred Stock or the Notes.
- [F2]This report is filed jointly by Vespoint, LLC ("Vespoint"), Xenith Holdings LLC ("Xenith"), A. Michael Salem ("Salem") and Michael W. Minnich ("Minnich"), all of whom share beneficial ownership of more than 10% of the capital stock of the Issuer. Vespoint as managing member of Xenith may be deemed to have shared voting, investment and dispositive power over the shares held by Xenith. Salem and Minnich are each Co-Chief Executive Officers of Vestpoint and in their capacity as such, may be deemed to exercise shared voting and investment power over the shares held by Reporting Persons. Each of Vestpoint, Salem and Minnich disclaims beneficial ownership of such shares except to the extent of its or his pecuniary interest therein.
Issuer
MIDWEST HOLDING INC.
CIK 0000355379
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001746023
Filing Metadata
- Form type
- 3
- Filed
- Jul 10, 8:00 PM ET
- Accepted
- Jul 11, 4:04 PM ET
- Size
- 8.4 KB