4//SEC Filing
Murdoch Duncan D 4
Accession 0001213900-13-000092
CIK 0001381105other
Filed
Jan 7, 7:00 PM ET
Accepted
Jan 8, 7:55 PM ET
Size
6.5 KB
Accession
0001213900-13-000092
Insider Transaction Report
Form 4
JBI, INC.JBII
Murdoch Duncan D
10% Owner
Transactions
- Purchase
Series B Convertible Preferred Stock
2012-12-27$3.50/sh+86,000$301,000→ 86,000 total→ Common Stock (602,000 underlying)
Footnotes (2)
- [F1]On December 27, 2012, the Reporting Person acquired 86,000 shares of Series B Convertible Preferred Stock, par value $0.001 per share, of JBI, Inc. ("Series B Preferred Stock"), in a private placement. The Series B Preferred Stock is convertible at the election of the Reporting Person into shares of common stock, par value $0.001 per share, of JBI, Inc. ("Common Stock"), at the rate of seven (7) shares of Common stock for each share of Series B Preferred Stock (subject to proportional adjustment for stock splits, combinations, consolidations, stock dividends, stock distributions, recapitalizations, reorganizations, reclassifications and other similar events). Upon any conversion, the Reporting Person must convert all shares of Series B Preferred Stock then held by the Reporting Person. All shares of Series B Preferred Stock that remain outstanding on June 30, 2014 shall be automatically converted into Common Stock.
- [F2]Represents shares held directly by the Reporting Person and Wailing Chan as tenants in common.
Documents
Issuer
JBI, INC.
CIK 0001381105
Entity typeother
Related Parties
1- filerCIK 0001550761
Filing Metadata
- Form type
- 4
- Filed
- Jan 7, 7:00 PM ET
- Accepted
- Jan 8, 7:55 PM ET
- Size
- 6.5 KB