Filing Details
- Accession Number:
- 0001209191-14-062502
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-10-08 17:50:59
- Reporting Period:
- 2014-10-06
- Filing Date:
- 2014-10-08
- Accepted Time:
- 2014-10-08 17:50:59
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1308027 | Vystar Corp | VYST | Fabricated Rubber Products, Nec (3060) | 202027731 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1473625 | Joseph Allegra | Vystar Corporation, 2484 Briarcliff Rd Ne, #22, Suite 159 Atlanta GA 30329 | No | No | 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 Stock | Acquisiton | 2014-10-06 | 750,000 | $0.05 | 2,522,778 | No | 4 | P | Indirect | By Diamond II Investments, LLC |
| Common Stock | Acquisiton | 2014-10-06 | 125,000 | $0.00 | 2,647,778 | No | 4 | J | Indirect | By Diamond II Investments, LLC |
| Common Stock | Acquisiton | 2014-10-06 | 250,000 | $0.05 | 2,440,582 | No | 4 | P | Indirect | By Itailia-Eire, LP |
| Common Stock | Acquisiton | 2014-10-06 | 125,000 | $0.00 | 2,565,582 | No | 4 | J | Indirect | By Itailia-Eire, LP |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Indirect | By Diamond II Investments, LLC |
| No | 4 | J | Indirect | By Diamond II Investments, LLC |
| No | 4 | P | Indirect | By Itailia-Eire, LP |
| No | 4 | J | Indirect | By Itailia-Eire, LP |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.0001 | Common Stock Warrants (Right to Buy) | Disposition | 2014-10-06 | 720,000 | $0.00 | 720,000 | $0.10 |
| Common Stock, Par Value $0.0001 | Common Stock Warrants (Right to Buy) | Acquisiton | 2014-10-06 | 720,000 | $0.00 | 720,000 | $0.05 |
| Common Stock, Par Value $0.0001 | Common Stock Warrants (Right to Buy) | Disposition | 2014-10-06 | 180,000 | $0.00 | 180,000 | $0.10 |
| Common Stock, Par Value $0.0001 | Common Stock Warrants (Right to Buy) | Acquisiton | 2014-10-06 | 180,000 | $0.00 | 180,000 | $0.05 |
| Common Stock, Par Value $0.0001 | Common Stock Warrants (Right to Buy) | Disposition | 2014-10-06 | 450,000 | $0.00 | 450,000 | $0.10 |
| Common Stock, Par Value $0.0001 | Common Stock Warrants (Right to Buy) | Acquisiton | 2014-10-06 | 450,000 | $0.00 | 450,000 | $0.05 |
| Common Stock, Par Value $0.0001 | Common Stock Warrants (Right to Buy) | Disposition | 2014-10-06 | 20,000 | $0.00 | 20,000 | $0.10 |
| Common Stock, Par Value $0.0001 | Common Stock Warrants (Right to Buy) | Acquisiton | 2014-10-06 | 20,000 | $0.00 | 20,000 | $0.05 |
| Common Stock, Par Value $0.0001 | Common Stock Warrants (Right to Buy) | Disposition | 2014-10-06 | 20,000 | $0.00 | 20,000 | $0.10 |
| Common Stock, Par Value $0.0001 | Common Stock Warrants (Right to Buy) | Acquisiton | 2014-10-06 | 20,000 | $0.00 | 20,000 | $0.05 |
| Common Stock, Par Value $0.0001 | Common Stock Warrants (Right to Buy) | Disposition | 2014-10-06 | 20,000 | $0.00 | 20,000 | $0.10 |
| Common Stock, Par Value $0.0001 | Common Stock Warrants (Right to Buy) | Acquisiton | 2014-10-06 | 20,000 | $0.00 | 20,000 | $0.05 |
| Common Stock, Par Value $0.0001 | Common Stock Warrants (Right to Buy) | Disposition | 2014-10-06 | 20,000 | $0.00 | 20,000 | $0.10 |
| Common Stock, Par Value $0.0001 | Common Stock Warrants (Right to Buy) | Acquisiton | 2014-10-06 | 20,000 | $0.00 | 20,000 | $0.05 |
| Common Stock, Par Value $0.0001 | Director Stock Option (Right to Buy) | Disposition | 2014-10-06 | 400,000 | $0.00 | 400,000 | $0.10 |
| Common Stock, Par Value $0.0001 | Director Stock Option (Right to Buy) | Acquisiton | 2014-10-06 | 400,000 | $0.00 | 400,000 | $0.05 |
| Common Stock, Par Value $0.0001 | Common Stock Warrants (Right to Buy) | Disposition | 2014-10-06 | 400,000 | $0.00 | 400,000 | $0.10 |
| Common Stock, Par Value $0.0001 | Common Stock Warrants (Right to Buy) | Acquisiton | 2014-10-06 | 400,000 | $0.00 | 400,000 | $0.05 |
| Common Stock, Par Value $0.0001 | Director Stock Option (Right to Buy) | Disposition | 2014-10-06 | 500,000 | $0.00 | 500,000 | $0.11 |
| Common Stock, Par Value $0.0001 | Director Stock Option (Right to Buy) | Acquisiton | 2014-10-06 | 500,000 | $0.00 | 500,000 | $0.05 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2021-04-29 | No | 4 | D | Indirect | |
| 720,000 | 2021-04-29 | No | 4 | A | Indirect | |
| 0 | 2021-09-14 | No | 4 | D | Indirect | |
| 180,000 | 2021-09-14 | No | 4 | A | Indirect | |
| 0 | 2023-01-10 | No | 4 | D | Direct | |
| 450,000 | 2023-01-10 | No | 4 | A | Direct | |
| 0 | 2008-06-30 | 2018-06-29 | No | 4 | D | Direct |
| 20,000 | 2008-06-30 | 2018-06-29 | No | 4 | A | Direct |
| 0 | 2008-09-30 | 2018-09-29 | No | 4 | D | Direct |
| 20,000 | 2008-09-30 | 2018-09-29 | No | 4 | A | Direct |
| 0 | 2008-12-31 | 2018-12-30 | No | 4 | D | Direct |
| 20,000 | 2008-12-31 | 2018-12-30 | No | 4 | A | Direct |
| 0 | 2009-03-31 | 2019-03-30 | No | 4 | D | Direct |
| 20,000 | 2009-03-31 | 2019-03-30 | No | 4 | A | Direct |
| 0 | 2019-09-29 | No | 4 | D | Direct | |
| 400,000 | 2019-09-29 | No | 4 | A | Direct | |
| 0 | 2022-11-18 | No | 4 | D | Direct | |
| 400,000 | 2022-11-18 | No | 4 | A | Direct | |
| 0 | 2024-07-09 | No | 4 | D | Direct | |
| 500,000 | 2024-07-09 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 458,129 | Direct |
Footnotes
- Includes an additional 112,500 shares not previously reported, as the purchase by Diamond II Investments, LLC on July 21, 2014 was erroneously reported as the purchase of 12,500 shares instead of 125,000 shares.
- Held by Diamond II Investments, LLC, of which the Reporting Person is a member and manager thereof.
- The shares were issued in connection with the repricing of various options and warrants held directly and indirectly by the reporting person.
- Includes an additional 112,500 shares not previously reported, as the purchase by Itailia-Eire, LP on July 21, 2014 was erroneously reported as the purchase of 12,500 shares instead of 125,000 shares.
- Held by Itailia-Eire, LP, of which the Reporting Person is the General Partner and majority owner.
- The reported transaction involved an amendment of the exercise price of an outstanding warrant, resulting in the deemed cancellation of the "old" warrant and the grant of a replacement warrant.
- 160,000 of the shares issuable upon exercise of the warrant vested and became exercisable on the date of grant. The remaining shares issuable upon exercise of the warrant shall vest and become exercisable in increments of 80,000 shares for each loan advance made by an affiliate of the Reporting Person to the Issuer in the principal amount of $100,000, pursuant to a Promissory Grid Note issued by the Issuer.
- 40,000 of the shares issuable upon exercise of the warrant vested and became exercisable on the date of grant. The remaining shares issuable upon exercise of the warrant shall vest and become exercisable in increments of 20,000 shares for each loan advance made by an affiliate of the Reporting Person to the Issuer in the principal amount of $100,000, pursuant to a Promissory Grid Note issued by the Issuer.
- 100,000 of the shares issuable upon exercise of the warrant vested and became exercisable on the date of grant. The remaining shares issuable upon exercise of the warrant shall vest and become exercisable in increments of 80,000 shares for each loan advance made to the Issuer in the principal amount of $100,000, pursuant to a Promissory Grid Note issued by the Issuer.
- The reported transaction involved an amendment of the exercise price of an outstanding stock option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option.
- The option is exercisable in equal installments of 20,000 shares at the end of each financial quarter (the "Vesting Date"), beginning on September 30, 2009 for a period of five (5) years, ending on June 30, 2014, provided that the continuous service of the Optionee as a member of the Company's Board of Directors continues through and on the applicable Vesting Date.
- The option is exercisable in equal installments of 25,000 shares at the end of each financial quarter (the "Vesting Date"), beginning on September 30, 2014 for a period of five (5) years, ending on June 30, 2019, provided that the continuous service of the Optionee as a member of the Company's Board of Directors continues through and on the applicable Vesting Date.
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