4//SEC Filing
Vespoint LLC 4
Accession 0001206774-19-001413
CIK 0000355379other
Filed
Apr 22, 8:00 PM ET
Accepted
Apr 23, 6:03 PM ET
Size
9.2 KB
Accession
0001206774-19-001413
Insider Transaction Report
Form 4
Vespoint LLC
10% Owner
Transactions
- Purchase
SENIOR SECURED CONVERTIBLE PROMISSORY NOTE
2018-10-10$1000000.00/sh→ 150,565,914 total(indirect: See footnote)→ Common Stock (48,569,650 underlying) - Purchase
SENIOR SECURED CONVERTIBLE PROMISSORY NOTE
2018-12-07$17500000.00/sh→ 1,000,534,789 total(indirect: See footnote)→ Common Stock (849,968,875 underlying)
Footnotes (2)
- [F1]Each of the Senior Secured Convertible Notes (the "Notes" and each a "Note") is convertible at any time prior to its maturity date on April 20, 2028 into shares of Common Stock of the Issuer on a basis of 48.569649333 shares of Common Stock for $1.00 of outstanding principal amount of 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 Vespoint 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 Vespoint, 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
- 4
- Filed
- Apr 22, 8:00 PM ET
- Accepted
- Apr 23, 6:03 PM ET
- Size
- 9.2 KB