4//SEC Filing
HERSHEY ADAM 4
Accession 0001415889-20-002905
CIK 0001477009other
Filed
Dec 14, 7:00 PM ET
Accepted
Dec 15, 8:14 PM ET
Size
17.0 KB
Accession
0001415889-20-002905
Insider Transaction Report
Form 4
Hershey Management IV, LLC
10% Owner
Transactions
- Award
Warrants to purchase common stock
2020-12-11+543,667→ 543,667 total(indirect: See footnote)Exercise: $0.49From: 2020-12-11Exp: 2025-12-11→ Common stock (543,667 underlying) - Award
Warrants to purchase common stock
2020-12-11+1,087,333→ 1,087,333 total(indirect: See footnote)Exercise: $0.49From: 2020-12-11Exp: 2025-12-11→ Common stock (1,087,333 underlying)
Shore Ventures III, LP
10% Owner
Transactions
- Award
Warrants to purchase common stock
2020-12-11+543,667→ 543,667 total(indirect: See footnote)Exercise: $0.49From: 2020-12-11Exp: 2025-12-11→ Common stock (543,667 underlying) - Award
Warrants to purchase common stock
2020-12-11+1,087,333→ 1,087,333 total(indirect: See footnote)Exercise: $0.49From: 2020-12-11Exp: 2025-12-11→ Common stock (1,087,333 underlying)
HERSHEY ADAM
Director10% Owner
Transactions
- Award
Warrants to purchase common stock
2020-12-11+1,087,333→ 1,087,333 total(indirect: See footnote)Exercise: $0.49From: 2020-12-11Exp: 2025-12-11→ Common stock (1,087,333 underlying) - Award
Warrants to purchase common stock
2020-12-11+543,667→ 543,667 total(indirect: See footnote)Exercise: $0.49From: 2020-12-11Exp: 2025-12-11→ Common stock (543,667 underlying)
Hershey Strategic Capital, LP
10% Owner
Transactions
- Award
Warrants to purchase common stock
2020-12-11+1,087,333→ 1,087,333 total(indirect: See footnote)Exercise: $0.49From: 2020-12-11Exp: 2025-12-11→ Common stock (1,087,333 underlying) - Award
Warrants to purchase common stock
2020-12-11+543,667→ 543,667 total(indirect: See footnote)Exercise: $0.49From: 2020-12-11Exp: 2025-12-11→ Common stock (543,667 underlying)
HERSHEY STRATEGIC CAPITAL GP, LLC
10% Owner
Transactions
- Award
Warrants to purchase common stock
2020-12-11+1,087,333→ 1,087,333 total(indirect: See footnote)Exercise: $0.49From: 2020-12-11Exp: 2025-12-11→ Common stock (1,087,333 underlying) - Award
Warrants to purchase common stock
2020-12-11+543,667→ 543,667 total(indirect: See footnote)Exercise: $0.49From: 2020-12-11Exp: 2025-12-11→ Common stock (543,667 underlying)
HERSHEY MANAGEMENT I, LLC.
10% Owner
Transactions
- Award
Warrants to purchase common stock
2020-12-11+1,087,333→ 1,087,333 total(indirect: See footnote)Exercise: $0.49From: 2020-12-11Exp: 2025-12-11→ Common stock (1,087,333 underlying) - Award
Warrants to purchase common stock
2020-12-11+543,667→ 543,667 total(indirect: See footnote)Exercise: $0.49From: 2020-12-11Exp: 2025-12-11→ Common stock (543,667 underlying)
Footnotes (3)
- [F1]Represents warrants to purchase shares of the common stock of the Issuer, that were acquired by Hershey Strategic Capital, LP ("HSC LP") on December 11, 2020 pursuant to a Subscription Agreement dated as of May 29, 2020 among HSC LP, Shore Ventures III, LP ("Shore Ventures") and the Issuer. Such warrants are held directly by HSC LP. Hershey Management I, LLC is the investment advisor of HSC LP. Hershey Strategic Capital GP, LLC is the general partner of HSC LP. (continue with footnote 2)
- [F2]Adam Hershey is the sole managing member of both Hershey Management I, LLC and Hershey Strategic Capital GP, LLC. As the investment advisor of HSC LP, Hershey Management I, LLC, which is controlled by Mr. Hershey, has the voting and dispositive power with respect to all of the securities of the Issuer owned by HSC LP. Each of Hershey Management I, LLC, Hershey Strategic Capital GP, LLC and Adam Hershey disclaims beneficial ownership in the securities of the Issuer held directly by HSC LP except to the extent of its pecuniary interest therein.
- [F3]Represents warrants to purchase shares of the common stock of the Issuer, that were acquired by Shore Ventures on December 11, 2020 pursuant to a Subscription Agreement dated as of May 29, 2020 among HSC LP, Shore Ventures and the Issuer. Such shares of common stock and warrants are held directly by Shore Ventures. Hershey Management IV, LLC is the general partner of Shore Ventures. Adam Hershey is the sole managing member of Hershey Management IV, LLC. As the general partner of Shore Ventures, Hershey Management IV, LLC, which is controlled by Mr. Hershey, has the voting and dispositive power with respect to all of the securities of the Issuer owned by Shore Ventures. Each of Hershey Management IV, LLC and Adam Hershey disclaims beneficial ownership in the securities of the Issuer held directly by Shore Ventures except to the extent of its pecuniary interest therein.
Documents
Issuer
GENERAL CANNABIS CORP
CIK 0001477009
Entity typeother
Related Parties
1- filerCIK 0001440975
Filing Metadata
- Form type
- 4
- Filed
- Dec 14, 7:00 PM ET
- Accepted
- Dec 15, 8:14 PM ET
- Size
- 17.0 KB