Tran Benjamin B 4
4 · Bitech Technologies Corp · Filed Jul 6, 2022
Insider Transaction Report
Form 4
Tran Benjamin B
Director10% OwnerOther
Transactions
- Conversion
Series A Convertible Preferred Stock
[F1][F5]2022-06-27−954,277→ 45,419,533 total(indirect: By Spouse)→ Common Stock (51,507,749 underlying) - Conversion
Common Stock, par value $0.001
[F1]2022-06-27+51,507,749→ 51,517,749 total - Conversion
Common Stock, par value $0.001
[F1][F2]2022-06-27+51,507,749→ 103,025,498 total(indirect: By Spouse) - Conversion
Common Stock, par value $0.001
[F1][F3][F4]2022-06-27+45,419,533→ 148,445,031 total(indirect: By LLC) - Conversion
Series A Convertible Preferred Stock
[F1]2022-06-27−954,277→ 96,927,131 total→ Common Stock (51,507,749 underlying) - Conversion
Series A Convertible Preferred Stock
[F1][F4]2022-06-27−841,481→ 0 total(indirect: By LLC)→ Common Stock (45,419,533 underlying)
Footnotes (5)
- [F1]Each share of Series A Convertible Preferred Stock (the "Series A Preferred Stock") automatically converted into 53.97561 shares of Issuer's common stock for no additional consideration upon the Issuer's filing a certificate of amendment to the certificate of incorporation authorizing a sufficient number of shares of common stock to permit a full conversion of all issued and outstanding Series A Preferred Stock. The Series A Preferred Stock has no expiration date.
- [F2]Includes 51,517,749 shares held directly by the Reporting Person and 51,507,749 held by the Reporting Person's spouse.
- [F3]Includes 51,517,749 shares held directly by the Reporting Person, 51,507,749 held by the Reporting Person's spouse and 45,419,533 held by United System Capital LLC.
- [F4]The Reporting Person is the manager of United System Capital LLC, has voting control over shares owned by United System Capital LLC, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by United System Capital LLC, but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F5]Reflects shares held by United System Capital LLC.
Signature
/s/ Benjamin B. Tran|2022-07-06