4//SEC Filing
Puritan Partners LLC 4
Accession 0001553350-20-000401
CIK 0001463208other
Filed
May 5, 8:00 PM ET
Accepted
May 6, 8:58 PM ET
Size
14.2 KB
Accession
0001553350-20-000401
Insider Transaction Report
Form 4
Puritan Partners LLC
10% Owner
Transactions
- Sale
Common Stock
2020-04-21$0.01/sh−4,294,855$60,128→ 3,505,145 total - Conversion
Original Issue Discount Senior Convertible Note
2020-04-20Exercise: $0.01From: 2019-08-30Exp: 2020-11-30→ Common Stock (7,000,000 underlying) - Sale
Common Stock
2020-04-20$0.03/sh−500,000$15,500→ 3,800,000 total - Sale
Common Stock
2020-04-20$0.02/sh−3,000,000$60,000→ 7,800,000 total - Conversion
Common Stock
2020-04-20$0.01/sh+7,000,000$63,000→ 10,800,000 total
Holdings
- 222,223
Common Stock Purchase Warrant
Exercise: $3.50From: 2019-08-30Exp: 2024-08-30→ Common Stock (222,223 underlying)
Footnotes (5)
- [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 stock based on incorrect information provided by the issuer's transfer agent. In connection with the Reporting Person's conversion on April 20, 2020, it was its intention to sell such securities in an expeditious manner as market conditions allowed and not exercise any indicia of control of the issuer.
- [F2]As of April 21, 2020, the Reporting Person ceased to beneficially own 10% or more of outstanding common stock based on information supplied by the issuer.
- [F3]The conversion is exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-6.
- [F4]The conversion price is subject to adjustment in accordance with the Convertible Note.
- [F5]The exercise price is subject to adjustment in accordance with the Common Stock Purchase Warrant.
Documents
Issuer
Transportation & Logistics Systems, Inc.
CIK 0001463208
Entity typeother
IncorporatedNY
Related Parties
1- filerCIK 0001810874
Filing Metadata
- Form type
- 4
- Filed
- May 5, 8:00 PM ET
- Accepted
- May 6, 8:58 PM ET
- Size
- 14.2 KB