TNI BIOTECH, INC. 4
4 · TNI BIOTECH, INC. · Filed Oct 2, 2014
Insider Transaction Report
Form 4
Griffin Noreen
DirectorCHIEF EXECUTIVE OFFICER
Transactions
- Other
Common Stock
2014-09-30$0.10/sh+328,701$32,870→ 928,701 total - Other
Common Stock
2014-09-30$0.10/sh+504,009$50,401→ 704,009 total(indirect: By LLC)
Footnotes (3)
- [F1]On September 30, 2014, the reporting person acquired these shares in full satisfaction of a $32,870.14 balance owed by the issuer to the reporting person pursuant to a Promissory Note between the issuer and the reporting person dated February 21, 2013.
- [F2]These shares are owned by Griffin Enterprises Group, LLC ("Griffin Enterprises"), which is 50% owned by the reporting person and 50% owend and managed by Robert Wilson, the reporting person's son. On September 30, 2014, Griffin Enterprises acquired these shares in full satisfaction of a $50,400.88 balance owed by the issuer to Griffin Enterprises pursuant to a Promissory Note between the issuer and Griffin Enterprises dated February 21, 2013.
- [F3]1,960,00 shares of common stock not reflected above are held in the Noreen Griffin Family Trust, an irrevocable trust for the benefit of the reporting person's children and grandchildren. The reporting person's sister-in-law is trustee of the trust. This amount does not include unissued shares the trust has a right to receive pursuant to the reporting person's employment agreement dated March 26, 2012 in an amount equal to one million shares.