Filing Details

Accession Number:
0001209191-15-047869
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-05-29 14:07:46
Reporting Period:
2015-05-27
Filing Date:
2015-05-29
Accepted Time:
2015-05-29 14:07:46
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1505497 Biorestorative Therapies Inc. BRTX Services-Misc Health & Allied Services, Nec (8090) 911835664
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1038667 Ltd Bermuda Westbury 11 Victoria Street, P.o. Box Hm 1065
Hamilton D0 HMEX
No No Yes No
1292286 Trust Westbury 11 Victoria Street, P.o. Box Hm 1065
Hamilton D0 HMEX
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 2015-05-27 14,934,578 $0.00 19,049,578 No 4 P Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Common Stock Warrants (right to buy) Acquisiton 2015-05-27 3,733,645 $0.00 3,733,645 $0.75
Common Stock Common Stock Warrants (right to buy) Disposition 2015-05-27 800,000 $0.00 800,000 $0.75
Common Stock Common Stock Warrants (right to buy) Acquisiton 2015-05-27 800,000 $0.00 800,000 $0.75
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
3,733,645 2020-05-21 No 4 P Indirect
0 2015-12-31 No 4 J Indirect
800,000 2017-12-31 No 4 J Indirect
Footnotes
  1. On May 27, 2015, Westbury (Bermuda) Ltd. ("Westbury") agreed to exchange (the "Exchange") certain notes issued by one of the wholly-owned subsidiaries of BioRestorative Therapies, Inc. (the "Issuer") and certain interest due on such notes for shares of common stock of the Issuer and warrants to purchase shares of common stock of the Issuer. Pursuant to the Exchange, Westbury received 14,934,578 shares of Issuer common stock and warrants to purchase 3,733,645 shares of Issuer common stock exercisable at $.75 per share in exchange for notes with an outstanding principal amount of $4,410,937.50 and interest due on such notes of $69,436. In addition, pursuant to the Exchange, the expiration date of warrants to purchase 800,000 shares of Issuer common stock held by Westbury was extended from December 31, 2015 to December 31, 2017.
  2. These securities are directly owned by Westbury, which is 100% owned by Westbury Trust. Westbury Trust is an indirect beneficial owner of the reported securities.
  3. The warrants were exercisable immediately upon issuance.