Castle Brands Inc (ROX): Billionaire Phillip Frost Filed An Amended 13D

Page 3 of 6 SEC Filing
CUSIP No.  148435100 13D/A Page 3 of 6 Pages
1

Names of Reporting Persons

Frost Gamma Investments Trust

 

2 Check The Appropriate Box if a Member of a Group
(see instructions) (a) ¨
(b) ¨
3

SEC Use Only

4

Source of Funds
(see instructions)

WC

5

Check
if Disclosure of Legal Proceedings Is Required
Pursuant to Item 2(d) or
2(e)

¨

6

Citizenship or Place
of Organization

Florida

 

Number
of

Shares

Beneficially

Owned
by

Each

Reporting

Person
With

7

Sole Voting Power

0

8

Shared Voting Power

43,723,096 (1)

9

Sole Dispositive Power

0

10

Shared Dispositive Power

43,723,096 (1)

11

Aggregate Amount Beneficially
Owned by Each Reporting Person

43,723,096 (1)

12

Check
if the Aggregate Amount in Row (11) Excludes
Certain Shares (see instructions)

¨

13

Percent of Class Represented
by Amount in Row 11

27.2% (2)

14

Type of Reporting Person
(see instructions)

OO

(1) Includes (i) 43,167,540 Common Shares held by the Gamma Trust and (ii) 555,556 Common Shares issuable upon conversion of $500,000
aggregate principal amount of the Convertible Note held by the Gamma Trust. Does not include Common Shares issuable upon the conversion
of accrued but unpaid interest on the Convertible Note, which is payable in cash on a quarterly basis; the Convertible Note and
accrued but unpaid interest thereon is convertible into Common Shares in whole or in part from time to time at the option of the
holder.

(2) The calculation of the percentage is based on (i) 160,034,464
Common Shares outstanding as of February 8, 2016, as reported on the 10-Q filed on February 9, 2016, and (ii) 555,556 Common Shares
issuable upon conversion of $500,000 aggregate principal amount of the Convertible Note held by the Gamma Trust.

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