Yazbeck Daniel, Rida 4
4 · MyDx, Inc. · Filed May 8, 2018
Insider Transaction Report
Form 4
MyDx, Inc.MYDX
Yazbeck Daniel, Rida
DirectorChairman of the Board and CEO10% Owner
Transactions
- Conversion
Preferred Stock (Series B Convertible)
2018-05-07−175,000→ 25,000 total(indirect: YCIG, Inc.)Exercise: $0.00From: 2016-12-23→ Common Stock (1,750,000,000 underlying) - Other
Preferred Stock (Series B Convertible)
2017-06-30$0.50/sh−100,000$50,000→ 200,000 total(indirect: YCIG, Inc.)Exercise: $0.00From: 2016-12-23→ Common Stock (1,000,000,000 underlying) - Other
Common Stock
2018-05-07+1,750,000,000→ 1,789,351,606 total(indirect: See Footnote)
Footnotes (3)
- [F1]On May 7, 2018, Mr. Yazbeck converted 175,000 shares of Series B Convertible Preferred Stock into shares of Common Stock via a cashless conversion of the stated value of $1.00 per Series B share divided by a conversion price of $0.0001 per share for an issuance of 1,750,000,000 shares of Common Stock.
- [F2]Beneficial ownership of Daniel R. Yazbeck, directly and indirectly, as of the date of the filing of this Form 4 consists of 10,000 shares held directly by Mr. Yazbeck, 9,132,500 shares held by seven trusts for which Mr. Yazbeck serves as trustee, and 1,780,000,000 shares held by Mr. Yazbeck and YCIG, Inc. (an entity over whose securities Mr. Yazbeck has sole voting and sole investment control).
- [F3]On June 30, 2017, Mr. Yazbeck sold 100,000 shares of Series B Preferred for gross proceeds of $50,000.