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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1099215	Protalex Inc	PRTX	Services-Commercial Physical & Biological Research (8731)	912003490

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1276711	P Arnold Kling	410 Park Avenue Suite 1710 New York NY 10022	President	Yes	Yes	Yes	No
1476705	Niobe Ventures, Llc	C/O Arnold P. Kling 712 Fifth Avenue, 11Th Floor New York NY 10019		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	2018-02-28	18,557,805	$1.20	41,133,892	No	4	P	Indirect	By LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By LLC

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Call Options (obligation to sell)	Acquisiton	2018-02-28	4,750,000	$0.00	4,750,000	$0.01

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
4,750,000	2018-02-28	2023-02-28	No	4	S	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	5,000	Direct
Common Stock	62	Indirect	By wife as UGMA custodian

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Options	$0.54	2018-02-08	2023-02-08	600,000	600,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2023-02-08	600,000	600,000	Direct

Footnotes

These securities are owned directly by Niobe Ventures, LLC ("Niobe") and indirectly by Arnold P. Kling as manager of the LLC.
These securities are beneficially owned solely by Arnold P. Kling.
These shares are beneficially owned by Arnold P. Kling's wife as custodian for their children under the Uniform Gifts to Minors Act. Mr. Kling disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for the purposes of Section 16 or for any other purpose.
Granted on February 8, 2018 (the "Grant Date"), this option is exercisable to acquire 50% of the underlying shares on the Grant Date and 100% of the shares on or after the one-year anniversary of the Grant Date.
On February 28, 2018, in connection with a private placement of $1.425 million of 10% Senior Convertible Notes (the "Notes") by the Issuer and the conversion into shares of the Issuer's common stock at $1.20 per share (as set forth in table I) of the entire principal balance of loans outstanding (in the aggregate amount of approximately $22,269,366) from Niobe to the Issuer, the reporting person wrote call options to the Issuer which entitles the Issuer to repurchase shares of the Issuer's common stock from Niobe upon each event of conversion of the Notes up to a maximum of 4,750,000 shares.