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Filing Details

Accession Number:: 0001144204-14-008744
Form Type:: 5
Zero Holdings:: No
Publication Time:: 2014-02-13 19:34:29
Reporting Period:: 2013-09-20

Filing Date:: 2014-02-13
Accepted Time:: 2014-02-13 19:34:29
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

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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	Acquisiton	2013-11-01	100,000	$0.50	4,148,447	No	4	P	Direct
Common Stock	Acquisiton	2013-11-01	100,000	$0.50	4,148,447	No	4	P	Indirect	As Managing Member of El Coronado Holdings, LLC
Common Stock	Acquisiton	2013-11-01	1,026,111	$0.50	5,174,558	No	4	P	Direct
Common Stock	Acquisiton	2013-11-01	1,026,111	$0.50	5,174,558	No	4	P	Indirect	As Managing Member of El Coronado Holdings, LLC
Common Stock	Acquisiton	2013-11-01	638,750	$0.50	5,813,308	No	4	P	Direct
Common Stock	Acquisiton	2013-11-01	638,750	$0.50	5,813,308	No	4	P	Indirect	As Managing Member of El Coronado Holdings, LLC
Common Stock	Acquisiton	2013-11-01	606,833	$0.50	6,420,141	No	4	P	Direct
Common Stock	Acquisiton	2013-11-01	606,833	$0.50	6,420,141	No	4	P	Indirect	As Managing Member of El Coronado Holdings, LLC
Common Stock	Acquisiton	2013-12-30	254,584	$0.50	6,674,725	No	4	P	Direct
Common Stock	Acquisiton	2013-12-30	254,584	$0.50	6,674,725	No	4	P	Indirect	As Managing Member of El Coronado Holdings, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Indirect	As Managing Member of El Coronado Holdings, LLC
No	4	P	Direct
No	4	P	Indirect	As Managing Member of El Coronado Holdings, LLC
No	4	P	Direct
No	4	P	Indirect	As Managing Member of El Coronado Holdings, LLC
No	4	P	Direct
No	4	P	Indirect	As Managing Member of El Coronado Holdings, LLC
No	4	P	Direct
No	4	P	Indirect	As Managing Member of El Coronado Holdings, LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Convertible Note	Acquisiton	2013-10-25	250,000	$125,000.00	0	$0.50
Common Stock	Convertible Note	Acquisiton	2013-10-25	250,000	$125,000.00	0	$0.50
Common Stock	Convertible Notes	Disposition	2013-11-01	2,271,694	$1,135,847.23	2,271,694	$0.50
Common Stock	Convertible Notes	Disposition	2013-11-01	2,271,694	$1,135,847.23	2,271,694	$0.50
Common Stock	Warrant	Acquisiton	2013-11-01	100,000	$50,000.00	100,000	$0.50
Common Stock	Warrant	Acquisiton	2013-11-01	100,000	$50,000.00	100,000	$0.50
Common Stock	Warrant	Acquisiton	2013-11-01	50,000	$37,500.00	50,000	$0.75
Common Stock	Warrant	Acquisiton	2013-11-01	50,000	$37,500.00	50,000	$0.75
Common Stock	Warrant	Acquisiton	2013-11-01	1,026,111	$513,056.00	1,026,111	$0.50
Common Stock	Warrant	Acquisiton	2013-11-01	1,026,111	$513,056.00	1,026,111	$0.50
Common Stock	Warrant	Acquisiton	2013-11-01	513,056	$384,792.00	513,056	$0.75
Common Stock	Warrant	Acquisiton	2013-11-01	513,056	$384,792.00	513,056	$0.75
Common Stock	Warrant	Acquisiton	2013-11-01	638,750	$319,375.00	638,750	$0.50
Common Stock	Warrant	Acquisiton	2013-11-01	638,750	$319,375.00	638,750	$0.50
Common Stock	Warrant	Acquisiton	2013-11-01	319,375	$239,531.00	319,375	$0.75
Common Stock	Warrant	Acquisiton	2013-11-01	319,375	$239,531.00	319,375	$0.75
Common Stock	Warrant	Acquisiton	2013-11-01	606,833	$303,417.00	606,833	$0.50
Common Stock	Warrant	Acquisiton	2013-11-01	606,833	$303,417.00	606,833	$0.50
Common Stock	Warrant	Acquisiton	2013-11-01	303,417	$227,563.00	303,417	$0.75
Common Stock	Warrant	Acquisiton	2013-11-01	303,417	$227,563.00	303,417	$0.75
Common Stock	Warrant	Acquisiton	2013-12-30	254,584	$127,292.00	254,584	$0.50
Common Stock	Warrant	Acquisiton	2013-12-30	254,584	$127,292.00	254,584	$0.50
Common Stock	Warrant	Acquisiton	2013-12-30	127,292	$95,469.00	127,292	$0.75
Common Stock	Warrant	Acquisiton	2013-12-30	127,292	$95,469.00	127,292	$0.75
Common Stock	Convertible Note	Disposition	2013-12-30	254,584	$127,292.00	254,584	$0.50
Common Stock	Convertible Note	Disposition	2013-12-30	254,584	$127,292.00	254,584	$0.50
Common Stock	Stock Option	Acquisiton	2013-01-28	57,958	$31,877.00	57,958	$0.55

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
6,350,552	2013-10-25	2014-02-25	No	4	P	Direct
6,350,552	2013-10-25	2014-02-25	No	4	P	Indirect
4,120,552	2013-11-01	2013-11-01	No	4	C	Direct
4,120,552	2013-11-01	2013-11-01	No	4	C	Indirect
4,220,552	2013-11-01	2014-11-01	No	4	P	Direct
4,220,552	2013-11-01	2014-11-01	No	4	P	Indirect
4,270,552	2013-11-01	2018-11-01	No	4	P	Direct
4,270,552	2013-11-01	2018-11-01	No	4	P	Indirect
5,296,663	2013-11-01	2014-11-01	No	4	P	Direct
5,296,663	2013-11-01	2014-11-01	No	4	P	Indirect
5,809,719	2013-11-01	2018-11-01	No	4	P	Direct
5,809,719	2013-11-01	2018-11-01	No	4	P	Indirect
6,448,469	2013-11-01	2014-11-01	No	4	P	Direct
6,448,469	2013-11-01	2014-11-01	No	4	P	Indirect
6,767,844	2013-11-01	2018-11-01	No	4	P	Direct
6,767,844	2013-11-01	2018-11-01	No	4	P	Indirect
7,374,677	2013-11-01	2014-11-01	No	4	P	Direct
7,374,677	2013-11-01	2014-11-01	No	4	P	Indirect
7,678,094	2013-11-01	2018-11-01	No	4	P	Direct
7,678,094	2013-11-01	2018-11-01	No	4	P	Indirect
7,932,678	2013-12-30	2014-12-30	No	4	P	Direct
7,932,678	2013-12-30	2014-12-30	No	4	P	Indirect
8,059,970	2013-12-30	2018-12-30	No	4	P	Direct
8,059,970	2013-12-30	2018-12-30	No	4	P	Indirect
7,809,970	2013-12-30	2013-12-30	No	4	C	Direct
7,809,970	2013-12-30	2013-12-30	No	4	C	Indirect
7,867,928	2013-01-28	2023-01-28	No	4	A	Direct

Footnotes

On November 1, 2013, the Company issued to El Coronoado Holdings, LLC, of which Josiah T. Austin is the managing member (collectively, the "Reporting Person") 1/2 of a unit (each a "Winter 2013 Unit") consisting of (i) 100,000 shares of common stock, par value $.0001 per share, (ii) and two warrants, including (a) a 1 year warrant to purchase 100,000 shares of common stock at an exercise price of $0.50 per share (the "A Warrants") and (b) a 5 year warrant to purchase 50,000 shares of common stock at an exercise price of $0.75 per share (the "B Warrants" and together with the A Warrants the "Investor Warrants") in connection with the sale of approximately 55 Winter 2013 Units in an offering (the "Winter 2013 Offering") of a minimum of $2,000,000 and up to a maximum of $6,000,000 of securities of the Company.
Represents the securities of the Company owned of record by El Coronado Holdings, LLC. Josiah Austin is the managing member of the El Coronado Holdings, LLC with voting and investment control over the securities of the Company owned of record by El Coronado Holdings, LLC and therefore deeemed to beneficially own the securities of the Company owned of record by El Coronado Holdings, LLC.
In addition, on November 1, 2013, the Company issued an aggregate of approximately 11.36 in additional Units to the Reporting Person, in connection with the conversion of $1,135,847.23 in outstanding principal and accrued unpaid interest in outstanding bridge notes.
On October 25, 2013, the Company issued a promissory note for $125,000 to El Coronado and, entered into a Note and Warrant Purchase Agreement by and between the Company and El Coronado. On December 30, 2013 the note converted into andditional approximate 1.27 Winter 2013 Units in connection with the conversion of $127,292 in outstanding principal and accrued unpaid interset in the note.
Represents shares vested as of February 10, 2014.