Filing Details
- Accession Number:
- 0000921895-15-002895
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-12-30 16:42:32
- Reporting Period:
- 2015-09-29
- Filing Date:
- 2015-12-30
- Accepted Time:
- 2015-12-30 16:42:32
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1020475 | Grandparents.com Inc. | GPCM | Services-Computer Processing & Data Preparation (7374) | 931211114 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
928584 | Mel Harris | C/O Grandparents.com, Inc. 589 Eighth Avenue, 6Th Floor New York NY 10018 | Yes | No | No | 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, $.01 Par Value Per Share | Acquisiton | 2015-12-30 | 338 | $0.10 | 2,000,338 | No | 4 | P | Direct | |
Common Stock, $.01 Par Value Per Share | Acquisiton | 2015-12-30 | 7,662 | $0.10 | 2,008,000 | No | 4 | P | Direct | |
Common Stock, $.01 Par Value Per Share | Acquisiton | 2015-12-30 | 12,000 | $0.09 | 2,020,000 | No | 4 | P | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Direct | |
No | 4 | P | Direct | |
No | 4 | P | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Series C Redeemable Convertible 7.5% Preferred Stock | Acquisiton | 2015-09-29 | 225,000 | $0.00 | 2,250,000 | $0.20 |
Common Stock | Common Stock Warrant (Right to Buy) | Acquisiton | 2015-09-29 | 1,225,000 | $0.00 | 1,225,000 | $0.30 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
225,000 | No | 4 | P | Direct | ||
1,225,000 | 2015-09-29 | 2025-09-29 | No | 4 | P | Indirect |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock, $.01 Par Value Per Share | 105,000 | Indirect | See footnote |
Common Stock, $.01 Par Value Per Share | 274,000 | Indirect | See footnote |
Footnotes
- The reported securities are held by the Mel Harris Declaration of Trust Dated June 6, 2002.
- The reported securities are held by the reporting person's spouse.
- Grandparents.com, Inc. (the "Issuer") may redeem the Series C Redeemable Convertible 7.5% Preferred Stock (the "Series C Preferred Stock") at any time, at a price equal to the Stated Value per share plus any unpaid dividends. Alternatively, upon the election of Mr. Harris, the Issuer will convert shares of the Series C Preferred Stock into shares of the Issuer's common stock. In addition, the Issuer is required to redeem all remaining Series C Preferred Stock on September 29, 2025, the tenth anniversary of the original issue date.
- On September 29, 2015, Mr. Harris converted the $450,000 principal amount of his convertible note issued on April 28, 2015 into 225,000 shares of Series C Preferred Stock and warrants to purchase 1,225,000 shares of the Issuer's common stock.