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OPKO Health Inc.

Major Shareholding Notification Aug 15, 2017

6963_rns_2017-08-15_a8c27ee4-ef3d-4be5-b855-fae8545d0975.pdf

Major Shareholding Notification

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FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB APPROVAL

OMB Number: 3235-0287 Estimated average burden hours per response... 0.5

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

continue. See Instruction 1(b).

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

OPKO Health, Inc. 1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol
Sevion Therapeutics, Inc. [SVON]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
____ Director
(Last) (First)
(Middle)
4400 Biscayne Blvd.
3. Date of Earliest Transaction (Month/Day/Year)
08/10/2017
X
10% Owner
_ Officer (give title below)_ Other (specify below)
(Street)
Miami
FL 33137 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line)
X
Form filed by One Reporting Person
____ Form filed by More than One Reporting Person
(City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security
(Instr. 3)
2. Transaction
Date
(Month/Day/Year)
2A. Deemed
Execution Date, if
any
3. Transaction
Code
(Instr. 8)
4. Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities
Beneficially Owned Following
Reported Transaction(s)
6.
Ownership
Form:
7. Nature of
Indirect
Beneficial
(Month/Day/Year) Code V Amount (A) or
(D)
Price (Instr. 3 and 4) Direct (D)
or Indirect
(I)
(Instr. 4)
Ownership
(Instr. 4)
Common Stock 08/10/2017 (1)
C
1,563,123 A \$0.1 12,080,139 D
Common Stock 08/10/2017 (2)
C
2,563,699 A \$0.1 14,643,838 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of
Derivative
Security
(Instr. 3)
2.
Conversion
or Exercise
Price of
Derivative
Security
3. Transaction
Date
(Month/Day/Year)
3A. Deemed
Execution Date, if
any
(Month/Day/Year)
4.
Transaction
Code
(Instr. 8)
5. Number of
Derivative
Securities
Acquired (A) or
Disposed of (D)
(Instr. 3, 4, and
5)
6. Date Exercisable and
Expiration Date
(Month/Day/Year)
7. Title and Amount of
Underlying Securities
(Instr. 3 and 4)
8. Price of
Derivative
Security
(Instr. 5)
9. Number of
Derivative
Securities
Beneficially
Owned
Following
Reported
10.
Ownership
Form of
Derivative
Security:
Direct (D)
or Indirect
11. Nature
of Indirect
Beneficial
Ownership
(Instr. 4)
Code V (A) (D) Date
Exercisable
Expiration
Date
Title Amount or
Number of
Shares
Transaction(s)
(Instr. 4)
(I)
(Instr. 4)
Convertible
Promissory
(3)
Note
\$0.1 08/10/2017 (1)
C
\$150,000 11/10/2016 11/10/2017 Common
Stock
1,500,000 \$
0
0 D
Convertible
Promissory
(3)
Note
\$0.1 08/10/2017 (2)
C
\$250,000 02/24/2017 08/24/2017 Common
Stock
2,500,000 \$
0
0 D

Explanation of Responses:

(1) Pursuant to the terms of the Convertible Note, the Reporting Person acquired (i) 1,500,000 shares of Common Stock upon conversion of \$150,000 in principal amount of the Convertible Note, and (ii) 63,123 shares of Common Stock in accrued and previously unpaid interest thereon (\$6,312.33).

(2) Pursuant to the terms of the Convertible Note, the Reporting Person acquired (i) 2,500,000 shares of Common Stock upon conversion of \$250,000 in principal amount of the Convertible Note, and (ii) 63,699 shares of Common Stock in accrued and previously unpaid interest thereon (6,369.86).

(3) The derivative security was previously subject to a "blocker" pursuant to which the reporting person was unable to convert the derivative security to the extent such conversion would result in the reporting person owning more than 4.99%.

Adam Logal, Chief Financial Officer 08/14/2017

**Signature of Reporting Person Date

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

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