Filing Details
- Accession Number:
- 0001209191-15-047869
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-05-29 14:07:46
- Reporting Period:
- 2015-05-27
- Filing Date:
- 2015-05-29
- Accepted Time:
- 2015-05-29 14:07:46
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1505497 | Biorestorative Therapies Inc. | BRTX | Services-Misc Health & Allied Services, Nec (8090) | 911835664 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1038667 | Ltd Bermuda Westbury | 11 Victoria Street, P.o. Box Hm 1065 Hamilton D0 HMEX | No | No | Yes | No | |
1292286 | Trust Westbury | 11 Victoria Street, P.o. Box Hm 1065 Hamilton D0 HMEX | 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 | 2015-05-27 | 14,934,578 | $0.00 | 19,049,578 | No | 4 | P | Indirect | See footnote |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Indirect | See footnote |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Common Stock Warrants (right to buy) | Acquisiton | 2015-05-27 | 3,733,645 | $0.00 | 3,733,645 | $0.75 |
Common Stock | Common Stock Warrants (right to buy) | Disposition | 2015-05-27 | 800,000 | $0.00 | 800,000 | $0.75 |
Common Stock | Common Stock Warrants (right to buy) | Acquisiton | 2015-05-27 | 800,000 | $0.00 | 800,000 | $0.75 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
3,733,645 | 2020-05-21 | No | 4 | P | Indirect | |
0 | 2015-12-31 | No | 4 | J | Indirect | |
800,000 | 2017-12-31 | No | 4 | J | Indirect |
Footnotes
- On May 27, 2015, Westbury (Bermuda) Ltd. ("Westbury") agreed to exchange (the "Exchange") certain notes issued by one of the wholly-owned subsidiaries of BioRestorative Therapies, Inc. (the "Issuer") and certain interest due on such notes for shares of common stock of the Issuer and warrants to purchase shares of common stock of the Issuer. Pursuant to the Exchange, Westbury received 14,934,578 shares of Issuer common stock and warrants to purchase 3,733,645 shares of Issuer common stock exercisable at $.75 per share in exchange for notes with an outstanding principal amount of $4,410,937.50 and interest due on such notes of $69,436. In addition, pursuant to the Exchange, the expiration date of warrants to purchase 800,000 shares of Issuer common stock held by Westbury was extended from December 31, 2015 to December 31, 2017.
- These securities are directly owned by Westbury, which is 100% owned by Westbury Trust. Westbury Trust is an indirect beneficial owner of the reported securities.
- The warrants were exercisable immediately upon issuance.