MACFARLANE VICTOR B 4
4 · Sphere 3D Corp · Filed Mar 29, 2018
Insider Transaction Report
Form 4
MF Ventures, LLC
10% Owner
Transactions
- Expiration (Short)
Common Stock Warrant (Right to Buy)
2018-03-16−272,727→ 0 totalExercise: $5.00Exp: 2022-03-24→ Common Stock (272,727 underlying) - Other
Common Stock
2018-03-16+299,999→ 1,994,569 total
Footnotes (3)
- [F1]On March 16, 2018, the Issuer canceled a warrant that was granted to MF Ventures, LLC on March 24, 2017 covering 272,727 common shares, which was not exercisable at the time of cancellation. In exchange for such cancellation, MF Ventures, LLC received 299,999 common shares of the issuer.
- [F2]Victor B. MacFarlane and Thaderine D. MacFarlane are controlling members of MF Ventures, LLC and may be deemed to share and have indirect beneficial ownership over, and share indirect pecuniary interest in,1,994,569 shares held directly by MF Ventures, LLC.
- [F3]The warrant was exercisable from March 24, 2017, the date it was issued; provided, however, the exercise of such warrant is limited by a blocker provision, which provides that the warrant is not exercisable to the extent that common shares issuable upon the exercise of the warrant would result in a beneficial ownership of the reporting person above 4.99% of the issuer's outstanding common shares.