4//SEC Filing
RiceBran Technologies 4
Accession 0001468804-13-000005
$RIBTCIK 0001063537operating
Filed
Dec 17, 7:00 PM ET
Accepted
Dec 18, 5:30 PM ET
Size
20.0 KB
Accession
0001468804-13-000005
Insider Transaction Report
Form 4
SHORT W. JOHN
President
Transactions
- Award
10% Secured Convertible Promissory Note Due 2015
2013-12-18Exercise: $14.00From: 2012-01-18Exp: 2015-07-31→ Common Stock (15 underlying) - Award
Common Stock Warrant, right to buy
2013-12-18+30→ 3,806 totalExercise: $16.00From: 2013-06-19Exp: 2018-05-31→ Common Stock (30 underlying) - Other
Common Stock Warrant, right to buy
2013-12-18−3,806→ 0 totalExercise: $16.00From: 2013-06-19Exp: 2018-05-31→ Common Stock (3,806 underlying) - Other
10% Secured Convertible Promissory Note Due 2015
2013-12-18→ 0 totalExercise: $14.00From: 2013-04-09Exp: 2015-07-31→ Common Stock (1,887 underlying) - Other
Right to Common Stock
2013-12-18+12,777→ 12,777 total→ Common Stock (12,777 underlying) - Other
10% Secured Convertible Promissory Note Due 2015
2013-12-18→ 0 totalExercise: $14.00From: 2012-01-18Exp: 2015-07-31→ Common Stock (1,919 underlying) - Award
10% Secured Convertible Promissory Note Due 2015
2013-12-18Exercise: $14.00From: 2013-04-09Exp: 2015-07-31→ Common Stock (15 underlying)
Footnotes (3)
- [F1]Under the terms of the note and warrant purchase agreement dated January 17, 2013, and as amended, effective May 9, 2013, Mr. Short elected to receive additional convertible promissory notes and associated warrants in lieu of cash interest payments on existing notes and related warrants (Payment in Kind). Under the agreement, each holder that elects the Payment in Kind option receives all interest through June 30, 2014, through the issuance of such notes and warrants.
- [F2]Under the agreement, the shares underlying Mr. Short's warrant to purchase common stock and the principal amount of Mr. Short' s notes were increased pursuant to his Payment in Kind election for interest accruing from July 1, 2013 to October 31, 2013.
- [F3]Effective as of November 13, 2013, Mr. Short agreed to exchange a warrant to purchase 3,806 shares of common stock for 12,777 shares of our common stock (the Shares). Additionally, Mr. Short agreed to amend his subordinated convertible notes to reduce the interest rate under the notes to five percent (5%) from ten percent (10%) and to remove the conversion feature and anti-dilutive protections under the note. The Shares are not issuable until RiceBran Technologies shareholders approve an increase in the authorized number of shares. If the shareholders do not approve to increase the authorized number of shares of common stock by July 1, 2014, the interest rate on the notes will increase to ten percent (10%). The warrant exchange and amendment to the notes were contingent upon our raising of at least $7.0 million, which occurred December 18, 2013.
Documents
Issuer
RiceBran Technologies
CIK 0001063537
Entity typeoperating
IncorporatedCA
Related Parties
1- filerCIK 0001063537
Filing Metadata
- Form type
- 4
- Filed
- Dec 17, 7:00 PM ET
- Accepted
- Dec 18, 5:30 PM ET
- Size
- 20.0 KB