RAY SUNANDAN 4
4 · UNIQUE LOGISTICS INTERNATIONAL INC · Filed Mar 7, 2022
Insider Transaction Report
Form 4
RAY SUNANDAN
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock, par value $0.001
2021-08-13+125,692,224→ 322,086,324 total(indirect: Frangipani Trade Services, Inc.) - Exercise/Conversion
Series B Preferred
2021-08-13−19,200→ 667,736 total(indirect: Frangipani Trade Services, Inc.)From: 2020-10-08→ Common Stock (125,692,224 underlying)
Footnotes (2)
- [F1]On August 13, 2021, Mr. Ray was issued 125,692,224 shares of the Issuer's common stock pursuant to the conversion of 19,200 shares of Series B Preferred. Each share of Series B Preferred is convertible into six thousand five hundred forty-seven shares of Common Stock of the Issuer. The holders of the Series B Preferred shall vote together with the holders of the Issuer's Common Stock on an as converted basis on each matter submitted to a vote of holders of Common Stock. The Series B Preferred shares are convertible for no additional consideration at the election of the holder. The Preferred Stock is only convertible upon the Company having the authorized shares available for conversion.
- [F2]Mr. Ray is the principal and sole owner of Frangipani Trade Services, Inc.