4//SEC Filing
RedHawk Holdings Corp. 4
Accession 0001615774-15-003313
CIK 0001353406operating
Filed
Nov 15, 7:00 PM ET
Accepted
Nov 16, 4:09 PM ET
Size
11.5 KB
Accession
0001615774-15-003313
Insider Transaction Report
Form 4
KLUG G DARCY
10% Owner
Transactions
- Award
Convertible Note
2015-11-13+1→ 1 total(indirect: By LLC)→ Series A Preferred - Award
Series A Preferred Stock
2015-11-13$1000.00/sh+215$215,000→ 215 total(indirect: By LLC)→ Common Stock
Beechwood Properties, LLC
10% Owner
Transactions
- Award
Series A Preferred Stock
2015-11-13$1000.00/sh+215$215,000→ 215 total(indirect: By LLC)→ Common Stock - Award
Convertible Note
2015-11-13+1→ 1 total(indirect: By LLC)→ Series A Preferred
Footnotes (6)
- [F1]Each share of Series A Preferred stock (the "Series A Preferred") of RedHawk Holdings Corp. (the "Company") has an initial stated value of $1,000 and accrues dividends at a rate of 5.0% of the stated value per year. The Company has the option to pay dividends in cash or through an increase in the stated value. Each share of Series A Preferred is convertible into a number of the Company's common stock, par value $0.001 per share, equal to the stated value (as may be increased from time to time), divided by $0.015. The conversion rate is also adjusted upon certain stock dividends, stock splits and reclassifications.
- [F2]The Series A Preferred are convertible at any time following the six (6) month anniversary of the date of issuance, and from time to time thereafter at the option of the holder. There is no expiration date for the conversion of the Series A Preferred Stock.
- [F3]These shares are owned directly by Beechwood Properties, LLC, a Louisiana limited liability company ("Beechwood") and a greater than ten percent owner of the issuer, and indirectly by G. Darcy Klug, as sole manager and sole member of Beechwood.
- [F4]Beechwood was issued a convertible promissory note for a line of credit (the "Line of Credit Note") in the original principal amount of $100,000. The principal amount outstanding, accrued but unpaid interest and other fees, costs and expenses of the Line of Credit Note is convertible into Series A Preferred based upon the initial stated value of the Series A Preferred.
- [F5]The Line of Credit Note is convertible in to Series A Preferred, at the option of Beechwood, upon repayment by the Company (whether at the October 31, 2016 maturity date or otherwise).
- [F6]The Line of Credit Note is owned directly by Beechwood and a greater than ten percent owner of the issuer, and indirectly by G. Darcy Klug, as sole manager and sole member of Beechwood.
Documents
Issuer
RedHawk Holdings Corp.
CIK 0001353406
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001353406
Filing Metadata
- Form type
- 4
- Filed
- Nov 15, 7:00 PM ET
- Accepted
- Nov 16, 4:09 PM ET
- Size
- 11.5 KB