Filing Details

Accession Number:
0000921895-15-002895
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-12-30 16:42:32
Reporting Period:
2015-09-29
Filing Date:
2015-12-30
Accepted Time:
2015-12-30 16:42:32
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1020475 Grandparents.com Inc. GPCM Services-Computer Processing & Data Preparation (7374) 931211114
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
928584 Mel Harris C/O Grandparents.com, Inc.
589 Eighth Avenue, 6Th Floor
New York NY 10018
Yes No No 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, $.01 Par Value Per Share Acquisiton 2015-12-30 338 $0.10 2,000,338 No 4 P Direct
Common Stock, $.01 Par Value Per Share Acquisiton 2015-12-30 7,662 $0.10 2,008,000 No 4 P Direct
Common Stock, $.01 Par Value Per Share Acquisiton 2015-12-30 12,000 $0.09 2,020,000 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Series C Redeemable Convertible 7.5% Preferred Stock Acquisiton 2015-09-29 225,000 $0.00 2,250,000 $0.20
Common Stock Common Stock Warrant (Right to Buy) Acquisiton 2015-09-29 1,225,000 $0.00 1,225,000 $0.30
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
225,000 No 4 P Direct
1,225,000 2015-09-29 2025-09-29 No 4 P Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, $.01 Par Value Per Share 105,000 Indirect See footnote
Common Stock, $.01 Par Value Per Share 274,000 Indirect See footnote
Footnotes
  1. The reported securities are held by the Mel Harris Declaration of Trust Dated June 6, 2002.
  2. The reported securities are held by the reporting person's spouse.
  3. Grandparents.com, Inc. (the "Issuer") may redeem the Series C Redeemable Convertible 7.5% Preferred Stock (the "Series C Preferred Stock") at any time, at a price equal to the Stated Value per share plus any unpaid dividends. Alternatively, upon the election of Mr. Harris, the Issuer will convert shares of the Series C Preferred Stock into shares of the Issuer's common stock. In addition, the Issuer is required to redeem all remaining Series C Preferred Stock on September 29, 2025, the tenth anniversary of the original issue date.
  4. On September 29, 2015, Mr. Harris converted the $450,000 principal amount of his convertible note issued on April 28, 2015 into 225,000 shares of Series C Preferred Stock and warrants to purchase 1,225,000 shares of the Issuer's common stock.