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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 | ||||||||
Warrant to Purchase Common Stock | $ 1.47 | 02/22/2019 | A | 41,436,463 (4) | 02/22/2019 | 03/14/2024 | Common Stock | 41,436,463 | (2) | 48,239,184 (3) | I | See Footnote (4) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Williams Gregg 12744 SAN FERNANDO ROAD SUITE 400 SYLMAR, CA 91342 |
X | X |
/s/ John T. Blake, Attorney-in-fact | 02/26/2019 | |
**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) | Sam B Williams 95 GST Trust ("GST") acquired 6,906,077 shares of common stock, the Gregg G. Williams 2006 Trust ("GW") acquired 6,906,077 shares of common stock and the Williams International Co. LLC acquired 27,624,309 shares of common stock pursuant to a Rights Offering with the final allocation of shares confirmed on February 22, 2019. Mr. Williams is a trustee of each of these entities. |
(2) | The common stock and warrants reported on this Form 4, were acquired upon exercise of subscription rights to purchase units previously distributed by the Issuer to holders of its common stock. Each unit consisted of one share of common stock and one warrant. The purchase price was $0.724 per unit. |
(3) | After giving effect to the transactions reported on this Form 4, shares beneficially owned by Mr. Williams include (i) 27,391,326 shares of common stock and warrants to purchase 13,708,798 shares of common stock owned by GW Trust, (ii) 29,108,563 shares of common stock and warrants to purchase 27,624,309 shares of common stock owned by Williams International Co. LLC (iii) 4,358,082 shares of common stock owned by Sam Williams Family Investments LLC and (iv) 16,834,264 shares of common stock and warrants to purchase 6,906,077 shares of common stock owned by GST. |
(4) | GST Trust acquired 6,906,077 warrants to purchase common stock, the GW Trust acquired 6,906,077 warrants to purchase common stock and Williams International Co. LLC acquired 27,624,309 warrants to purchase common stock pursuant to a Rights Offering with the final allocation of shares confirmed on February 22, 2019. Mr. Williams is a trustee of each of these entities. |