4//SEC Filing
Meridian Waste Solutions, Inc. 4
Accession 0001213900-17-004206
CIK 0000949721operating
Filed
Apr 24, 8:00 PM ET
Accepted
Apr 25, 4:37 PM ET
Size
6.9 KB
Accession
0001213900-17-004206
Insider Transaction Report
Form 4
Cosman Jeffrey Scott
DirectorChief Executive Officer10% Owner
Transactions
- PurchaseSwap
Common Stock, par value $0.025 per share
2017-04-21+20,000→ 1,035,897 total(indirect: See Footnote)
Footnotes (2)
- [F1]Effective April 21, 2017, the Issuer entered into a Share Exchange Agreement (the "Share Exchange Agreement") with Mobile Science Technologies, Inc. ("MSTI"), pursuant to which the Issuer issued 1,083,017 shares of the Issuer's common stock to the shareholders of MSTI in exchange for 28,333,333 shares of MSTI, based on a valuation of $2.90 per share of the Issuer. Included in the stockholders of MSTI were JS Cosman Enterprises, LLC, a limited liability company in which the Reporting Person is the Manager; Peanut Lacrosse, LLC, a limited liability company in which the Reporting Person is the Manager; Bo Hungry, LLC, a limited liability company in which the Reporting Person is the Manager; and Poots Beast Mode, LLC, a limited liability company in which the Reporting Person is the Manager.
- [F2]Pursuant to the Share Exchange, based on respective ownership percentages in MSTI, JS Cosman Enterprises, LLC received at closing 5,000 shares of Issuer's common stock and each of Peanut Lacrosse, LLC, Bo Hungry, LLC and Poots Beast Mode, LLC received 5,000 shares of Issuer's common stock. Upon MSTI, as a wholly-owned subsidiary of the Issuer, reaching certain milestones, as set forth in the Share Exchange Agreement, or, upon the one year anniversary of the Share Exchange Agreement if such milestones have not been met, based on their respective ownership percentages in MSTI, JS Cosman Enterprises, LLC will receive 244,697 shares of Issuer's common stock and each of Peanut Lacrosse, LLC, Bo Hungry, LLC and Poots Beast Mode, LLC will receive 144,818 shares of Issuer's common stock.
Documents
Issuer
Meridian Waste Solutions, Inc.
CIK 0000949721
Entity typeoperating
IncorporatedNY
Related Parties
1- filerCIK 0000949721
Filing Metadata
- Form type
- 4
- Filed
- Apr 24, 8:00 PM ET
- Accepted
- Apr 25, 4:37 PM ET
- Size
- 6.9 KB