Filing Details

Accession Number:
0001676051-16-000004
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-06-14 19:13:58
Reporting Period:
2016-04-15
Filing Date:
2016-06-14
Accepted Time:
2016-06-14 19:13:58
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1279704 Cellectar Biosciences Inc. CLRB Pharmaceutical Preparations (2834) 043321804
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1676051 Richard Hertzberg 1329 Stratford Court
Del Mar CA 92014
No No No Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Cellectar Biosciences, Inc. (Clrb) Common Stock Acquisiton 2016-04-15 234,742 $2.12 297,242 No 4 P Direct
Cellectar Biosciences, Inc. Acquisiton 2016-04-21 3,758 $1.90 301,000 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Cellectar Biosciences, Inc. (Clrb) Common Stock Cellectar Biosciences, Inc. Series A Warrant (CLRBZ) Acquisiton 2016-04-15 234,742 $0.01 234,742 $3.04
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
41,915 2016-04-20 2021-04-20 No 4 P Direct
Footnotes
  1. The 234,742 Class A Warrants (CLRBZ) purchased on April 15, 2016 "are not exercisable by their holder to the extent (but only to the extent) that such holder or any of its affiliates would beneficially own in excess of 4.99% subject to increase to 9.99%." (Cellectar Biosciences Prospectus, Dated April 15, 2016, Registration No. 333-208638). Thus, the Beneficial Ownership effect of these warrants can be calculated only to the extent that the exercise of such warrants would not increase the Beneficial Ownership of Hertzberg or his affiliates of Cellectar Biosciences, Inc. to more than 4.99 % (or 9.99% if so increased).
  2. The 41,915 warrants include 1,000 warrants expiring on Dec 5, 2016 with a strike price of $120 and 40,915 warrants expiring Aug 20, 2019 with a strike price of $46.80. These values are the result of a Cellectar reverse split on 3/4/2016 of 10:1. The CLRBZ warrants are not included in the Beneficial Ownership total due to the exercise limitation.