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Filing Details

Accession Number:: 0001144204-15-063192
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-11-06 06:00:21
Reporting Period:: 2014-12-10

Filing Date:: 2015-11-06
Accepted Time:: 2015-11-06 06:00:21
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1385508	Lightlake Therapeutics Inc.	LLTP	Metal Mining (1000)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1551246	Michael Sinclair	445 Park Avenue, 9Th Floor New York NY 10022	Executive Chairman	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.001 Per Share	Acquisiton	2012-01-10	5,000	$0.00	37,720	No	4	A	Indirect	Proton Therapy USA
Common Stock, Par Value $0.001 Per Share	Acquisiton	2013-10-21	20,000	$0.00	57,720	No	4	A	Direct
Common Stock, Par Value $0.001 Per Share	Acquisiton	2015-01-15	1,700	$3.50	75,585	No	4	S	Direct
Common Stock, Par Value $0.001 Per Share	Acquisiton	2015-01-16	1,700	$3.69	77,285	No	4	A	Direct
Common Stock, Par Value $0.001 Per Share	Acquisiton	2015-01-20	1,600	$3.69	78,885	No	4	A	Direct
Common Stock, Par Value $0.001 Per Share	Acquisiton	2015-01-21	1,500	$3.94	80,385	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Indirect	Proton Therapy USA
No	4	A	Direct
No	4	S	Direct
No	4	A	Direct
No	4	A	Direct
No	4	A	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $0.001 Per Share	Options	Acquisiton	2013-05-01	130,000	$0.00	130,000	$8.00
Common Stock, Par Value $0.001 Per Share	Options	Acquisiton	2013-05-01	105,000	$0.00	105,000	$10.00
Common Stock, Par Value $0.001 Per Share	Options	Acquisiton	2013-08-01	50,000	$0.00	50,000	$15.00
Common Stock, Par Value $0.001 Per Share	Options	Acquisiton	2013-08-01	50,000	$0.00	50,000	$20.00
Common Stock, Par Value $0.001 Per Share	Options	Acquisiton	2013-12-31	75,000	$0.00	75,000	$6.00
Common Stock, Par Value $0.001 Per Share	Options	Acquisiton	2014-06-15	150,000	$0.00	150,000	$5.00
Common Stock, Par Value $0.001 Per Share	Options	Acquisiton	2014-06-15	100,000	$0.00	100,000	$8.00
Common Stock, Par Value $0.001 Per Share	Options	Acquisiton	2015-10-27	250,000	$0.00	250,000	$7.25

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
475,000	2013-05-01	2023-04-30	No	4	A	Direct
580,000	2013-05-01	2023-04-30	No	4	A	Direct
630,000	2013-08-01	2023-07-31	No	4	A	Direct
680,000	2013-08-01	2023-07-31	No	4	A	Direct
755,000	2013-12-31	2023-12-30	No	4	A	Direct
905,000	2014-06-15	2024-06-14	No	4	A	Direct
1,005,000	2014-06-15	2024-06-14	No	4	A	Direct
1,255,000	2015-10-27	2025-10-26	No	4	A	Direct

Footnotes

This Form 4 is a late filing reporting the changes in beneficial ownership of the Reporting Person as of November 6, 2015. This Form 4 was required to be filed within two business days of 12/10/2014, the effective date of the Issuer's Form 8-A registration statement which registered the common stock of the Issuer for the first time under Section 12 of the Exchange Act. The Reporting Person voluntarily filed a Form 3 and a Form 4 on May 31, 2012 and voluntarily filed another Form 4 on January 25, 2013. In December 2014, the Issuer effected a one-for-one hundred reverse stock split of its common stock (the "1:100 Reverse Stock Split"). Unless otherwise noted, all share amounts and exercise prices listed in this Form 3 been retroactively adjusted for the 1:100 Reverse Stock Split as if such stock splits occurred prior to the issuance of such shares, warrants, or options.
Footnote 1 continued - As of the January 25, 2013 Form 4, the Reporting Person owned 50,820 shares of the Issuer's common stock: 23,820 shares; 15,000 owned indirectly through the Reporting Person's wife; 12,000 owned indirectly through joint pension funds. Since January 25, 2013, the Reporting Person's wife transferred her 15,000 shares to the Reporting Person for no consideration and there are 1,935 shares that the Reporting Person no longer owns whose disposition is unclear. Thus, for purposes of this Form 4, the Reporting Person owned 48,885 shares prior to the first transaction reported on this Form 4.
Unknown.
As of the January 25, 2013 Form 4, the Reporting Person owned 345,000 derivative securities: 60,000 shares of common stock issuable upon exercise of stock options and 285,000 shares of common stock issuable upon the exercise of warrants.
50,000 vested on 5/1/2013, 50,000 vested on 11/1/2013, and 30,000 vested on 12/31/2013. All expire 10 years after their respective vesting dates.
Cashless Options.
25,000 vested on 5/1/2013, 25,000 vested on 8/1/2013; 25,000 vested on 11/1/13, and 30,000 vested on 12/31/13. All expire 10 years after their respective vesting dates.
These options may only be exercised between the following dates: (i) the first to occur of: (A) the commencement of the next trial with respect to the opioid overdose reversal treatment; (B) the entrance into a distribution, licensing, royalty, partnership, collaboration, or other significant transaction with respect to the opioid overdose reversal treatment; or (C) the filing of a New Drug Application with the U.S. Food and Drug Administration with respect to the opioid overdose reversal treatment; and (ii) the Expiration Date.
These options may only be exercised between the following dates: (i) the first to occur of: (A) the commencement of three trials on or subsequent to October 23, 2015; or (B) (1) the approval by the U.S. Food and Drug Administration of the New Drug Application with respect to the opioid overdose reversal treatment; and (2) the commencement of two trials on or subsequent to October 23, 2015; and (ii) the Expiration Date.