Filing Details
- Accession Number:
- 0001127855-14-000273
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-06-20 17:57:38
- Reporting Period:
- 2014-06-18
- Filing Date:
- 2014-06-20
- Accepted Time:
- 2014-06-20 17:57:38
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1527355 | Konared Corp | OB:KRED | Beverages (2080) | 990366971 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1588495 | Shaun Roberts | 2829 Ala Kalanikaumaka Street Suite F-133 Koloa HI 96756 | President,Ceo,Dir.board Chair | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Shares | Disposition | 2014-06-18 | 20,000 | $0.52 | 230,499 | No | 4 | S | Direct | |
Common Shares | Disposition | 2014-06-19 | 20,000 | $0.55 | 201,499 | No | 5 | S | Direct | |
Common Shares | Disposition | 2014-06-20 | 20,000 | $0.57 | 190,499 | No | 5 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 5 | S | Direct | |
No | 5 | S | Direct |
Footnotes
- 250,499 common shares were awarded to Shaun Roberts under a Form S-8 Registration Statement filed May 27, 2014 (the "Award Shares"). KRED separately registered the Award Shares under the 33 Act, by filing on May 29, 2014 a Post-Effective amendment to the Form S-8 Registration Statement which contained a re-offer prospectus in reference to the Award Shares.
- As reported in his Form 3 filing, Shaun Roberts was a founder, director, officer, and a majority shareholder of Sandwich Isles Trading Co., Inc. ('SITC'), which was purchased by KonaRed Corporation ("KRED") on October 4, 2013 under an Asset Purchase Agreement. As part of the Asset Purchase Agreement, Mr. Roberts and another SITC director were designated as trustees of 42,750,000 KRED restricted common shares to be distributed to SITC shareholders as the purchase price for SITC's assets. Mr. Roberts own shareholdings and those of his spouse Dana Roberts were included within this 42,750,000 shares.
- Prior to May 8, 2014, Dana Roberts transferred all her ownership interests in SITC to Shaun Roberts. On May 23, 2014, SITC was dissolved as a corporation and processing of distribution of the KRED shares in trust began. Mr. Roberts own shareholdings of KRED restricted common shares is 7,815,386, based on an exchange ratio of 1.6757 KRED shares for each 1 SITC share previously held. Because processing of the share distribution is still underway, the balance of 34,934,614 shares which are still under Mr. Roberts' indirect ownership as a trustee were also reported in Mr. Roberts' Form 3 filing and herein.