Puritan Partners LLC 3
3 · Transportation & Logistics Systems, Inc. · Filed May 6, 2020
Insider Transaction Report
Form 3
Puritan Partners LLC
10% Owner
Holdings
Original Issue Discount Senior Convertible Note
Exercise: $2.50From: 2019-08-30Exp: 2020-11-30→ Common StockCommon Stock Purchase Warrant
Exercise: $3.50From: 2019-08-30Exp: 2024-08-30→ Common Stock (222,223 underlying)- 4,300,000
Common Stock
Footnotes (4)
- [F1]Reference is made to a Schedule 13G filed by the Reporting Person on May 5, 2020 for details on how the Reporting Person inadvertently became a beneficial owner of more than 4.99% of outstanding common stock based on incorrect information provided by the issuer's transfer agent. Based upon the advice of counsel, the Reporting Person is filing this Form 3 and a Form 4 without the ability to verify outstanding shares.
- [F2]Gives effect to the sale of 3,100,000 shares of common stock on April 17, 2020.
- [F3]The conversion price is subject to adjustment in accordance with the Convertible Note.
- [F4]The exercise price is subject to adjustment in accordance with the Common Stock Purchase Warrant.