Filing Details

Accession Number:
0001520138-15-000268
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-06-01 15:19:02
Reporting Period:
2015-05-19
Filing Date:
2015-06-01
Accepted Time:
2015-06-01 15:19:02
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1590695 Twinlab Consolidated Holdings Inc. TLCC Medicinal Chemicals & Botanical Products (2833) 463951742
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1558432 Capstone Financial Group, Inc. 8600 Transit Road
East Amherst NY 14051
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 Disposition 2015-05-19 263,157 $0.76 15,446,165 No 4 S Direct
Common Stock Disposition 2015-05-21 855,263 $0.76 14,590,902 No 4 S Direct
Common Stock Disposition 2015-05-28 138,157 $0.76 14,452,745 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock, Par Value $0.001 Put option (right to sell) Acquisiton 2015-05-28 51,973,684 $0.00 51,973,684 $0.78
Common Stock, Par Value $0.001 Series A Warrant (right to buy) Disposition 2015-05-28 51,973,684 $0.00 51,973,684 $0.76
Common Stock, Par Value $0.001 Series B Warrant (right to buy) Disposition 2015-05-28 4,368,421 $0.00 4,368,421 $0.76
Common Stock, Par Value $0.001 Contingent Call Option (right to buy) Disposition 2015-05-28 1,000,000 $0.00 1,000,000 $0.01
Common Stock, Par Value $0.001 Contingent Call Option (right to buy) Disposition 2015-05-28 1,500,000 $0.00 1,500,000 $0.01
Common Stock, Par Value $0.001 Contingent Call Option (right to buy) Disposition 2015-05-28 1,500,000 $0.00 1,500,000 $0.01
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2015-03-28 2017-10-31 No 4 P Direct
0 2014-10-01 2017-10-31 No 4 S Direct
18,000,000 2014-10-01 2017-10-31 No 4 S Direct
1,000,000 2016-04-01 2016-05-01 No 4 S Direct
1,500,000 2016-08-01 2016-08-31 No 4 S Direct
1,500,000 2016-12-01 2016-12-31 No 4 S Direct
Footnotes
  1. In addition, Capstone Financial Group, Inc. exercised third-party call options for at least a further 1,498,500 shares on February 23, 2015, but the optionors of such shares have not yet honored the exercise. When they do, this Form 4 will be amended to reflect the additional shares.
  2. For further information regarding these transactions and the securities involved, please refer to the Current Report on Form 8-K filed by Capstone Financial Group, Inc. on May 29, 2015.
  3. As a part of this transaction, the remaining warrants were deemed to be divided into four tranches, each with an associated date beyond which it would no longer be exercisable: one tranche for 2,000,000 warrant shares (no longer exercisable after November 30, 2015); one tranche for 4,000,000 warrant shares (no longer exercisable after March 31, 2016); one tranche for 6,000,000 warrant shares (no longer exercisable after July 31, 2016); and another tranche for 6,000,000 warrant shares (no longer exercisable after November 30, 2016). For further information, please refer to the Current Report on Form 8-K filed by Capstone Financial Group, Inc. on May 29, 2015.