Doherty Daniel Joseph III 4
4 · REED'S, INC. · Filed Dec 15, 2020
Insider Transaction Report
Form 4
REED'S, INC.REED
Doherty Daniel Joseph III
Director10% Owner
Transactions
- Conversion
Convertible Promissory Note
2020-12-11→ 0 total(indirect: See Footnote)Exercise: $0.56From: 2020-12-11Exp: 2021-04-21→ Common Stock (1,339,286 underlying) - Conversion
Common Stock
2020-12-11$0.56/sh+1,339,286$750,000→ 3,808,600 total(indirect: See Footnote) - Expiration (Short)
Convertible Promissory Note
2020-12-11→ 0 total(indirect: See Footnote)Exercise: $1.50From: 2017-12-27Exp: 2021-04-21→ Common Stock - Other
Convertible Promissory Note
2020-12-11(indirect: See Footnote)Exercise: $1.50From: 2017-12-27Exp: 2021-04-21→ Common Stock (2,266,667 underlying) - Purchase
Convertible Promissory Note
2020-12-11(indirect: See Footnote)Exercise: $0.56From: 2020-12-11Exp: 2021-04-21→ Common Stock (1,339,286 underlying) - Purchase
Warrant
2020-12-11+1,000,000→ 1,000,000 total(indirect: See Footnote)Exercise: $0.64From: 2020-12-11Exp: 2025-12-11→ Common Stock (1,000,000 underlying)
Holdings
- 85,790
Common Stock
Footnotes (5)
- [F1]Includes 50,000 shares underlying exercisable options.
- [F2]$4,250,000 of principal and accrued interest on the Issuer's Convertible Promissory Note in the original principal amount of $3,400,000 was repaid in cash, leaving a remaining balance of $750,000 in accrued interest.
- [F3]Issuer's Convertible Promissory Note was amended to reduce the conversion price from $1.50 per share to $0.56 per share.
- [F4]Warrant was issued for no cash consideration in connection with the agreement by Raptor/Harbor Reeds SPV LLC to convert the unpaid balance of the Issuer's Convertible Promissory Note.
- [F5]These securities are held by Raptor/Harbor Reeds SPV LLC, 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 interest in Raptor/Reeds.