Filing Details

Accession Number:
0001144204-13-034940
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-06-14 15:27:22
Reporting Period:
2013-03-26
Filing Date:
2013-06-14
Accepted Time:
2013-06-14 15:27:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1335103 Protea Biosciences Group Inc. NONE Pharmaceutical Preparations (2834) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
932267 T Josiah Austin 4673 Christopher Place
Dallas TX 75204
Yes No Yes No
1319763 El Coronado Holdings, Llc 4673 Christopher Place
Dallas TX 75204
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 2013-04-05 280,000 $0.50 3,786,044 No 4 P Indirect As Managing Member of El Coronado Holdings, LLC
Common Stock Acquisiton 2013-04-05 280,000 $0.50 3,786,044 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect As Managing Member of El Coronado Holdings, LLC
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Warrant Acquisiton 2013-04-05 210,000 $0.00 210,000 $1.10
Common Stock Warrant Acquisiton 2013-04-05 210,000 $0.00 210,000 $1.10
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
3,275,000 2013-04-05 2013-04-05 No 4 P Indirect
3,275,000 2013-04-05 2013-04-05 No 4 P Direct
Footnotes
  1. On March 26, 2013 (the "Issue Date"), the Company agreed to issue 280,000 shares (the "Shares") of common stock, par value $0.0001 per share (the "Common Stock") and warrants (the "Warrants") to purchase 210,000 shares of Common Stock to El Coronado Holdings, LLC (the "Holder"), at a purchase price of $0.50 per share, for an aggregate amount of $140,000. Josiah Austin is a director of the Company and the managing member of the Holder with voting and investment control over the securities of the Company owned of record by the Holder and therefore deemed to beneficially own the securities of the Company owned of record by the Holder
  2. Represents the shares of Common Stock or Warrants to purchase shares of Common Stock of the Company owned of record by El Coronado Holdings, LLC.
  3. The Warrants are exercisable at an exercise price of $1.10 per share anytime after the Issue Date until the earlier of (i) a Qualified Public Offering (as defined in the Warrant) or (ii) 5:00 p.m. EST on the fifth anniversary of the Issue Date. As set forth in the Warrant, the term "Qualified Public Offering" means the closing of a firm commitment underwritten offering pursuant to an effective registration statement under the Securities Act of 1933, as amended covering the offer and sale of Common Stock for the account of the Company in which the net cash proceeds to the Company (after deduction of underwriting discounts and commissions) are at least $10,000,000. Josiah Austin is the managing member of the Holder with voting and investment control over the securities of the Company owned of record by the Holder and therefore deemed to beneficially own the securities of the Company owned of record by the Holder.
  4. Represents warrants to purchase up to 3,025,000 shares of Common Stock and 250,000 shares of Common Stock underlying a promissory note issued in the name of El Corondado Holdings, LLC.