4//SEC Filing
Steele Lori 4
Accession 0001213900-13-000375
CIK 0001381105other
Filed
Jan 27, 7:00 PM ET
Accepted
Jan 28, 4:36 PM ET
Size
6.3 KB
Accession
0001213900-13-000375
Insider Transaction Report
Form 4
JBI, INC.JBII
Steele Lori
10% Owner
Transactions
- Purchase
Series B Convertible Preferred Stock
2013-01-17$3.50/sh+21,500$75,250→ 21,500 total→ Common Stock (150,500 underlying)
Footnotes (1)
- [F1]On January 17, 2013, the Reporting Person acquired 21,500 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.
Documents
Issuer
JBI, INC.
CIK 0001381105
Entity typeother
Related Parties
1- filerCIK 0001551180
Filing Metadata
- Form type
- 4
- Filed
- Jan 27, 7:00 PM ET
- Accepted
- Jan 28, 4:36 PM ET
- Size
- 6.3 KB