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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Series B Warrants | $ 0.11 | 03/21/2018 | A | 87,456 (1) | 04/11/2000 | 05/11/2038 | Common Stock | 87,456 | $ 0.11 | 87,456 | D | ||||
Series D Warrants | $ 1.60 | 03/21/2018 | D | 87,456 | 04/11/2000 | 05/11/2038 | Common Stock | 87,456 | $ 1.60 | 2,050,228 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Billingsley Chester P.O. BOX 1709 RAMONA, CA 92065 |
X | X | Chief Executive Officer |
/s/ Chester Billingsley | 03/22/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The actions reported in this ownership form are intended to reverse the 2014 transaction by which reporting person allowed two persons to act in his stead as designees and exercise 87,456 Series B warrants under a Company agreement which has since been rescinded. In exchange for allowing those two persons to exercise his lower-priced Series B warrants, reporting person was named as a designee of 87,456 of the higher priced Series D warrants. As the transaction with the two persons was rescinded, the exercised shares were returned to the Company, cancelled, and the warrants from which the shares arose were reinstated. |