Filing Details

Accession Number:
0001127855-14-000286
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-06-27 19:00:43
Reporting Period:
2014-06-26
Filing Date:
2014-06-27
Accepted Time:
2014-06-27 19:00:43
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.,Boardchair 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 2014-06-26 23,500 $0.57 166,999 No 5 S Direct
Common Shares Disposition 2014-06-27 20,000 $0.57 146,999 No 5 S Direct
Restricted Control Common Shares Acquisiton 2013-10-04 7,815,386 $0.00 7,815,386 No 4 J Direct
Restricted Common Shares Acquisiton 2013-10-04 34,934,614 $0.00 34,934,614 No 4 J Indirect In trust for SITC shareholders
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 5 S Direct
No 5 S Direct
No 4 J Direct
No 4 J Indirect In trust for SITC shareholders
Footnotes
  1. 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.
  2. 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.
  3. 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.
  4. This is the price at which Mr. Roberts purchased these shares as a founder.
  5. Mr. Roberts is a trustee of these shares and was not the purchaser. Since Mr. Roberts is not the owner of these shares, no price is reported.