NOVIT, L.P. 4
4 · CTD HOLDINGS INC · Filed Jul 9, 2018
Insider Transaction Report
Form 4
CTD HOLDINGS INCCTDH
NOVIT, L.P.
10% Owner
Transactions
- Conversion
Series B Convertible Preferred Stock
2018-05-23−4,750→ 0 totalExercise: $0.25→ Common Stock (1,900,000 underlying) - Conversion
Common Stock
2018-05-23+1,900,000→ 8,371,428 total
Footnotes (3)
- [F1]Reflects the automatic conversion of Series B Convertible Preferred Stock ("Series B Preferred") into Common Stock upon the filing of Articles of Amendment to the Issuer's Articles of Incorporation increasing the Issuer's authorized shares of Common Stock. The conversion is an exempt transaction pursuant to Rule 16b-7 under the Securities Exchange Act of 1934, as amended.
- [F2]The Series B Preferred were included in "Units" purchased by the reporting person for $100 per Unit. Each Unit consisted of one share of Series B Preferred convertible into 400 shares of Common Stock and one warrant to purchase 400 shares of Common Stock.
- [F3]Represents securities directly owned or disposed of by Novit, L.P. ("Novit"). Each of the other Reporting Persons are indirect beneficial owners of such securities as follows: Novit U.S., Inc. is the general partner of Novit, and Katarzyna Kusmierz is the trustee of the NAP Trust, which indirectly owns all of the outstanding partnership interests in Novit.