4//SEC Filing
Schaffer Paul W. 4
Accession 0001437749-18-011846
CIK 0001029125other
Filed
Jun 13, 8:00 PM ET
Accepted
Jun 14, 5:06 PM ET
Size
13.3 KB
Accession
0001437749-18-011846
Insider Transaction Report
Form 4
Schaffer Paul W.
Director
Transactions
- Purchase
Common Stock
2018-05-16+5,000→ 899,204 total - Purchase
Warrant (right to buy)
2018-05-16+5,000→ 5,000 totalExercise: $5.00From: 2018-05-16Exp: 2021-05-16→ Common Stock (5,000 underlying) - Conversion
Convertible Promissory Note
2018-05-16$50000.00/sh−50,000$2,500,000,000→ 0 total(indirect: By Trust)Exercise: $10.10From: 2017-03-17Exp: 2018-12-01→ Common Stock (4,950 underlying) - Conversion
Common Stock
2018-05-16+11,756→ 200,848 total(indirect: By Trust) - Conversion
Warrant (right to buy)
2018-05-16+11,756→ 11,756 total(indirect: By Trust)Exercise: $5.00From: 2018-05-16Exp: 2021-05-16→ Common Stock (11,756 underlying)
Footnotes (4)
- [F1]Reflects purchase of 5,000 units from the issuer at a price equal to $5.00 per unit. Each unit consisted of one share of common stock and a warrant to purchase an additional share of common stock.
- [F2]Pursuant to the "alternate conversion" under the Convertible Promissory Note, approximately $52,902 of outstanding principal and accrued but unpaid interest converted into 11,756 units at a price equal to $4.50 per unit. Each unit consisted of one share of common stock and a warrant to purchase an additional share of common stock.
- [F3]Originally convertible into issuer common stock at a price of $10.10 per share upon holder's election. Because a "qualified offering" occurred, outstanding principal and accrued but unpaid interest would have automatically converted into common stock at a rate of $3.35 per share or, as elected, into units at a rate equal to a 10% discount to the price paid in the qualified offering.
- [F4]Represents original principal amount.
Documents
Issuer
Sun BioPharma, Inc.
CIK 0001029125
Entity typeother
Related Parties
1- filerCIK 0001652797
Filing Metadata
- Form type
- 4
- Filed
- Jun 13, 8:00 PM ET
- Accepted
- Jun 14, 5:06 PM ET
- Size
- 13.3 KB