UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (right to buy) | (1) | 09/16/2023 | Common Stock | 2,757,143 (2) (3) | $ 0.0035 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Verleun Noah 2790 SKYPARK DRIVE SUITE 105 TORRANCE, CA 90505 |
EVP - Development & Regulatory |
/s/ Noah Verleun | 05/19/2022 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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 stock option was 25% vested on the grant date (09/17/2018). The remaining 75% vested in 36 equal installments beginning on the grant date. |
(2) | The original Form 3 underreported the number of shares by 500,000 shares. The original Form 3 reported 2,257,143 shares; it should have reported 2,757,143 shares. |
(3) | The Issuer effected a 1-for-10 reverse stock split on March 26, 2021, which subsequently reduced the number of options to 275,714 and increased the conversion price to $0.035. |
Remarks: On the date that the original Form 3 was filed, 06/22/2021, the title of the reporting person was EVP - Development & Regulatory Affairs. On the date that this amendment is being filed, 05/19/2022, the title of the reporting person is President. |