Filing Details

Accession Number:
0001094891-16-000459
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-04-06 16:11:34
Reporting Period:
2015-06-30
Filing Date:
2016-04-06
Accepted Time:
2016-04-06 16:11:34
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1629261 Long Island Iced Tea Corp. LTEA Beverages (2080) 472624098
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1644397 Ltd Castle Ivory Suite 5501, 55Th Floor
Central Plaza, 18 Harbour Road
Wanchai K3
No No Yes No
1644497 Trust Bay Heron Suite 5501, 55Th Floor
Central Plaza, 18 Harbour Road
Wanchai K3
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 2015-06-30 100,872 $4.00 907,243 No 4 P Indirect By Ivory Castle Limited
Common Stock Acquisiton 2015-09-30 22,500 $0.00 929,743 No 4 P Indirect By Ivory Castle Limited
Common Stock Disposition 2016-01-20 65,000 $6.50 0 No 4 S Indirect By Gallo Holdings Limited
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Ivory Castle Limited
No 4 P Indirect By Ivory Castle Limited
No 4 S Indirect By Gallo Holdings Limited
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Warrants (Right to Buy) Acquisiton 2015-09-30 22,500 $0.00 22,500 $6.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
22,500 2015-09-17 2018-09-17 No 4 P Indirect
Footnotes
  1. The reporting person purchased 22,500 units from the issuer, each unit consisting of one share of the issuer's common stock and one warrant, at a price of $4.00 per unit. Each warrant entitles the holder to purchase one share of the issuer's common stock at an exercise price of $6.00 per share, subject to adjustment. The units separated immediately upon issuance. The common stock and warrants were issued separately and may be traded separately.
  2. The reporting person's sale of the issuer's common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, (i) to the extent of 22,500 shares, with the reporting person's purchase of 22,500 shares included in units acquired from the issuer at a price of $4.00 per unit on September 30, 2015, and (ii) to the extent of 22,500 shares, with the reportig person's purchase of 22,500 warrants included in such units. The reporting person is paying to the issuer $56,250, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.