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Filing Details

Accession Number:: 0000921895-18-000707
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-02-16 16:16:05
Reporting Period:: 2017-12-23

Accepted Time:: 2018-02-16 16:16:05
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1629261	Long Blockchain Corp.	LTEA	()	Q2

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1018319	J E Watson	C/O Davis Polk &Amp; Wardwell 450 Lexington Ave New York NY 10017		No	No	Yes	No
1725623	Cullen Inc Holdings Ltd.	8 Airpark Drive, Airport Oaks Manukau Auckland Q2 2022		No	No	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, $0.0001 Par Value	Disposition	2017-12-23	563,466	$1.60	0	No	4	S	Indirect	By: Brentwood LIIT (NZ) Ltd.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By: Brentwood LIIT (NZ) Ltd.

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, $0.0001 Par Value	747,078	Direct
Common Stock, $0.0001 Par Value	16,150	Indirect	By: Neroli Holdings, Ltd.
Common Stock, $0.0001 Par Value	189,659	Indirect	By: Leonie Holdings, Ltd.
Common Stock, $0.0001 Par Value	7,279	Direct
Common Stock, $0.0001 Par Value	219,895	Direct
Common Stock, $0.0001 Par Value	632,848	Indirect	By: Ivory Castle Ltd.
Common Stock, $0.0001 Par Value	318,594	Direct
Common Stock, $0.0001 Par Value	63,334	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock, $0.0001 Par Value	Warrants	$4.18	2017-03-29	2018-03-29	165,000	165,000	Direct
Common Stock, $0.0001 Par Value	Warrants	$4.90	2017-05-12	2018-05-12	20,000	20,000	Direct
Common Stock, $0.0001 Par Value	Warrants	$2.40	2017-10-04	2018-10-04	70,000	70,000	Direct
Common Stock, $0.0001 Par Value	Warrants	$6.00	2015-09-30	2018-09-07	22,500	22,500	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2018-03-29	165,000	165,000	Direct
2018-05-12	20,000	20,000	Direct
2018-10-04	70,000	70,000	Direct
2018-09-07	22,500	22,500	Indirect

Footnotes

This Form 4 is filed jointly by Cullen Inc Holdings Ltd. ("Cullen Holdings"), Eric J. Watson, William Gibson, Andrew Stranberg, and Justin Davis-Rice (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
Securities owned directly by Cullen Holdings. As a director of Cullen Holdings, Mr. Watson may therefore be deemed to beneficially own the securities owned direclty by Cullen Holdings.
Securities owned directly by Neroli Holdings, Ltd. ("Neroli"). Neroli is a company held by the Knightsbridge Trust of which Deborah Houghton (Mr. Watson's former partner) and Samuel Watson (Deborah and Eric's son) are beneficiaries.
Securities owned directly by Leonie Holdings, Ltd. ("Leonie"). Leonie is a company held by the Leolu Trust of which Mr. Watson's partner, Lisa Henrekson, and their children are beneficiaries.
Securities were owned directly by Brentwood LIIT (NZ) Ltd. ("Brentwood"). As a director of Cullen Business Trust Ltd., an entity with a 50% interest in Brentwood, Mr. Watson may be deemed to be the beneficial owner of the shares directly owned by Brentwood.
Securities owned directly by Mr. Watson.
Securities owned directly by Mr. Gibson.
Securities owned directly by Ivory Castle Ltd. ("Ivory Castle"). Ivory Castle is a company held by the Heron Bay Trust, of which Mr. Gibson and his father are the beneficial owners. As a beneficial owner of the Heron Bay Trust, Mr. Gibson may be deemed the beneficial owner of shares owned directly by Ivory Castle.
Securities owned directly by Mr. Stranberg.
Securities owned directly by Mr. Davis-Rice.
The warrants held by Cullen Holdings are currently exercisable, for $4.18 per share, subject to adjustment pursuant to the terms of the warrants and expire on March 29, 2018.
The warrants held by Mr. Watson are currently exercisable, for $4.90 per share, subject to adjustment pursuant to the terms of the warrants and expire on May 12, 2018.
The warrants held by Mr. Stranberg are currently exercisable, for $2.40 per share, subject to adjustment pursuant to the terms of the warrants and expire on October 4, 2018.
The warrants held by Ivory Castle are currently exercisable, for $6.00 per share, subject to adjustment pursuant to the terms of the warrants and expire on September 17, 2018.