4//SEC Filing
CLANEY KELVIN 4
Accession 0001493152-18-016692
CIK 0001076522other
Filed
Nov 22, 7:00 PM ET
Accepted
Nov 23, 9:26 PM ET
Size
11.6 KB
Accession
0001493152-18-016692
Insider Transaction Report
Form 4
ICTV Brands Inc.ICTV
CLANEY KELVIN
President
Transactions
- Award
Common Stock Purchase Warrant
2018-11-20+450,000→ 450,000 totalExercise: $0.05From: 2018-11-20→ Common Stock (450,000 underlying) - Award
Convertible Secured Promissory Note
2018-11-20$450000.00/shFrom: 2018-11-20→ Common Stock - Award
Common Stock
2018-11-20+450,000→ 9,508,536 total
Footnotes (7)
- [F1]On November 20, 2018, Kelvin Claney and Robin Jan Claney (together "Claney") loaned the Company $450,000 on the terms and conditions set forth in a one-year 10% Secured Convertible Promissory Note (the "Note"). As consideration for the loan, the Company issued to Claney (1) 450,000 shares of Common Stock; and (2) a Warrant to purchase up to 450,000 shares of Common Stock.
- [F2]Includes 633,333 shares as to which Mr. Claney holds exercisable options within 60 days. Includes 6,668,660 shares owned by The Better Blocks Trust, of which Mr. Claney is a joint trustee. Mr. Claney disclaims beneficial ownership of the shares and options owned or controlled by the The Better Blocks Trust beyond the extent of his pecuniary interest. Mr. Claney also holds 210,000 shares of Series A Preferred Stock.
- [F3]The securities referenced herein were issued jointly to Kelvin Claney and Robin Jan Claney. Robin Jan Claney is Kelvin Claney's spouse and is not a reporting person according to Section 16.
- [F4]The Common Stock Purchase Warrant does not have an expiration date.
- [F5]On November 20, 2018, Kelvin Claney and Robin Jan Claney (together "Claney") loaned the Company $450,000 on the terms and conditions set forth in a one-year 10% Secured Convertible Promissory Note (the "Note"). As consideration for the loan, the Company issued to Claney (1) 450,000 shares of Common Stock; and (2) a Warrant to purchase up to 450,000 shares of Common Stock.
- [F6]The securities referenced herein were issued jointly to Kelvin Claney and Robin Jan Claney. Robin Jan Claney is Kelvin Claney's spouse and is not a reporting person according to Section 16.
- [F7]At any time on or before the repayment in full of the Note, Claney has the option, in Claney's sole and absolute discretion, from time to time and at any time, to convert all or any portion of the principal amount of the Note into duly authorized, validly issued, fully paid and non-assessable shares of common stock of the Company at a per share conversion price equal to the average closing price of the Company's Common Stock over the ten trading days prior to November 20, 2018.
Documents
Issuer
ICTV Brands Inc.
CIK 0001076522
Entity typeother
Related Parties
1- filerCIK 0001601102
Filing Metadata
- Form type
- 4
- Filed
- Nov 22, 7:00 PM ET
- Accepted
- Nov 23, 9:26 PM ET
- Size
- 11.6 KB