Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Filing Details

Accession Number:
0001144204-14-008789
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-02-13 20:24:19
Reporting Period:
2013-09-20
Filing Date:
2014-02-13
Accepted Time:
2014-02-13 20:24:19
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 2013-11-01 100,000 $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
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
  1. 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.
  2. Represents the securities of the Company owned of record by El Coronado Holdings, LLC. Josiah Austin is the managing member of 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.
  3. 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.
  4. 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.
  5. Represents shares vested as of February 10, 2014.