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Filing Details

Accession Number:: 0001127855-14-000304
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-07-07 16:49:05
Reporting Period:: 2014-07-02

Filing Date:: 2014-07-07
Accepted Time:: 2014-07-07 15:49:05
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,Direct,Board Chr	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares	Disposition	2014-07-02	20,000	$0.51	126,999	No	4	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	4	S	Direct
No	4	J	Direct
No	4	J	Indirect	In trust for SITC shareholders

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.
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.
This is the price at which Mr. Roberts purchased these shares as a founder.
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.