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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 J Convertible Preferred Stock | $ 0.0017 (1) | 07/23/2018 | A | 250,000 | 07/23/2018 | (5) | Common Stock | 147,058,824 (2) (3) | $ 1 (4) | 250,000 | I | By: Alcimede LLC |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Lagan Seamus 400 S. AUSTRALIAN AVE., SUITE 800 WEST PALM BEACH,, FL 33401 |
X | CEO and President | ||
Alcimede LLC 400 S. AUSTRALIAN AVE., SUITE 800 WEST PALM BEACH,, FL 33401 |
Affiliated |
/s/ Seamus Lagan | 07/25/2018 | |
**Signature of Reporting Person | Date | |
Alcimede LLC By: /s/ Seamus Lagan, Sole Manager | 07/25/2018 | |
**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) | As of July 23, 2018. The conversion price equals the average closing price of the common stock for the 10 trading days prior to the conversion date. |
(2) | Based on the conversion price as of July 23, 2018. |
(3) | Each share of the Series J Convertible Preferred Stock has the number of votes equal to the number of shares of common stock into which it is convertible, except that, for certain specified matters, through September 30, 2018 only each share has 12,000 votes. |
(4) | Alcimede LLC received the shares in exchange for the cancellation of outstanding debt. |
(5) | The Series J Preferred Stock will remain outstanding until either converted or redeemed by the Company. |
Remarks: Exhibit List - Exhibit 99 - Joint Filer Information |