Doherty Daniel Joseph III 4
4 · REED'S, INC. · Filed Feb 6, 2019
Insider Transaction Report
Form 4
REED'S, INC.REED
Doherty Daniel Joseph III
Director10% Owner
Transactions
- Expiration (Short)
Warrant
2018-10-04−750,000→ 0 total(indirect: See Footnote)Exercise: $1.50From: 2018-06-20Exp: 2022-12-22→ Common Stock (750,000 underlying) - Purchase
Warrant
2018-10-04+750,000→ 750,000 total(indirect: See Footnote)Exercise: $1.10From: 2018-10-04Exp: 2022-12-22→ Common Stock (750,000 underlying)
Footnotes (2)
- [F1]The transactions reported represent an amendment of an outstanding Warrant held by Raptor/Harbor Reeds SPV LLC ("Raptor/Reeds') for the purchase of 750,000 shares of Common Stock, reducing the exercise price from $1.50 to $1.10 per share. The amendment was made in consideration for the guarantee by the Reporting Person and the Daniel J. Doherty, III 2000 Family Trust (who are affiliates of Raptor/Reeds) of up to $4,000,000 of borrowings by the Issuer and previously reported by the Issuer on a Form 8-K filed on October 9, 2018.
- [F2]These securities are held by Rapter/Reed, a limited liability company in which the Reporting Person holds a significant membership interest. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary intrest in Raptor/Reeds.