Kostiner Barry's Form 4 filing
Legacy Education Alliance, Inc. (LEAI) · filed Nov 10, 2022
- Accession no.
- 0001493152-22-031399
- Filed
- Nov 10, 2022, 4:34 PM ET
- Trade date
- Nov 9-10, 2022
- Filing delay
- 1 day
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 2 derivative transactions. It was filed 1 day after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Kostiner BarryCIK 0001338670 | Director, Officer (Chief Executive Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
This filing has no transactions of this kind.
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 9, 2022 | 10% Convertible Debenture due November 10, 2023 | PPurchaseAcquired | +1 | –F1,F2,F4 | – | 1 | Indirect | |
| Nov 10, 2022 | 10% Convertible Debenture due November 10, 2023 | PPurchaseAcquired | +1 | –F1,F3,F4 | – | 1 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The Debenture is held by ABCImpact I, LLC, a Delaware limited liability company ("ABCImpact"), as lender, and may be converted into shares of Issuer common stock, par value $0.0001 per share, at a conversion price per share of $0.05, plus an equal number of common stock purchase warrants which may be exercisable at a price of $0.05 per share. ABCImpact has the right to loan up to an aggregate sum of $5,000,000 to the Issuer, which would be subject to the same conversion features.
Referenced by the price of 2 transactions in Table II.
- F2
On the transaction date, November 9, 2022, ABCImpact loaned $100,000 to the Issuer under the Debenture and accordingly, may be converted into 2,000,000 shares of common stock and 2,000,000 common stock purchase warrants (excluding accrued interest).
Referenced by the price of 1 transaction in Table II.
- F3
On the transaction date, November 10, 2022, ABCImpact loaned $50,000 to the Issuer under the Debenture and accordingly, may be converted into 1,000,000 shares of common stock and 1,000,000 common stock purchase warrants (excluding accrued interest).
Referenced by the price of 1 transaction in Table II.
- F4
The Debenture is subject to a beneficial ownership limitation of 4.99%, or 9.99% in ABCImpact's discretion. The Debenture is one of a series of debentures with substantially similar terms (other than issue date and maturity date) as between the Issuer and ABCImpact and that may continue to be entered into in the future.
Referenced by the price of 2 transactions in Table II.