Fallon Neil 4
4 · New Age Beverages Corp · Filed Sep 25, 2018
Insider Transaction Report
Form 4
Fallon Neil
Director10% Owner
Transactions
- Award
Series C Convertible Preferred Stock
2018-09-21+5,127→ 5,127,000 total→ Common Stock (5,127,000 underlying) - Disposition to Issuer
Common Stock
2018-09-21−5,127,000→ 223,758 total
Footnotes (1)
- [F1]On September 20, 2018, the Reporting Party entered into an Exchange Agreement with the Issuer (the "Exchange Agreement"), pursuant to which, the Reporting Person exchanged 5,127,000 shares of the Issuer's common stock for 5,127 shares of the Issuer's newly issued Series C Convertible Preferred Stock. Each share of Series C Convertible Preferred Stock will convert into 1,000 shares of the Issuer's common stock, upon the date on which an amendment to the Issuer's Articles of Incorporation as amended, is filed with the Secretary of State of the State of Washington to increase the authorized shares of the Issuer's common stock from 50,000,000 to 100,000,000 shares. The share exchange contemplated in the Exchange Agreement, and the derivative securities issued thereunder as disclosed herein, is an exempt Rule 16b-3 transaction.