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iBio, Inc. — Director's Dealing 2013
Oct 17, 2013
35045_dirs_2013-10-17_0233a0a8-4cea-427b-881f-ed2c07dac6fb.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: iBio, Inc. (ibio)
CIK: 0001420720
Period of Report: 2013-10-15
Reporting Person: Eastern Capital LTD (10% Owner)
Reporting Person: Portfolio Services Ltd. (10% Owner)
Reporting Person: DART KENNETH BRYAN (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-10-15 | Common Stock | O | 7500000 | $0.4 | Acquired | 21960000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-10-15 | Warrant (right to buy) | $0.88 | J | 7500000 | Disposed | 2014-01-14 | Common Stock (7500000) | Direct |
| 2013-10-15 | Warrant (right to buy) | $0.4 | J | 7500000 | Acquired | 2014-01-14 | Common Stock (7500000) | Direct |
| 2013-10-15 | Warrant (right to buy) | $0.4 | O | 7500000 | Disposed | 2014-01-14 | Common Stock (7500000) | Direct |
Footnotes
F1: The reported securities are common stock of the Issuer acquired pursuant to the exercise of a Warrant on October 15, 2013 at an exercise price per share of $0.40.
F2: The reported security is a Warrant that originally allowed the reporting persons to acquire up to 7,500,000 shares of common stock of the Issuer at an exercise price per share of $0.88 during the exercise period from January 14, 2013 until January 14, 2014. On October 15, 2013 the Warrant was amended to reduce the exercise price per share to $0.40 until November 12, 2013, after which time the exercise price will revert back to $0.88 until expiration of the Warrant on January 14, 2014. No consideration was paid or received by the reporting persons in connection with the amendment.
F3: On October 15, 2013, simultaneous with the amendment of the Warrant, Eastern Capital Limited exercised the Warrant in full.