Filing Details
- Accession Number:
- 0001553350-20-000401
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-05-06 20:58:11
- Reporting Period:
- 2020-04-20
- Accepted Time:
- 2020-05-06 20:58:11
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1463208 | Transportation & Logistics Systems Inc. | TLSS | Transportation Services (4700) | 263106763 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1810874 | Puritan Partners Llc | 369 Lexington Ave. 25Th Floor New York NY 10017 | 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 | Disposition | 2020-04-20 | 500,000 | $0.03 | 3,800,000 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2020-04-20 | 7,000,000 | $0.01 | 10,800,000 | No | 4 | C | Direct | |
| Common Stock | Disposition | 2020-04-20 | 3,000,000 | $0.02 | 7,800,000 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2020-04-21 | 4,294,855 | $0.01 | 3,505,145 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | C | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Original Issue Discount Senior Convertible Note | Disposition | 2020-04-20 | 0 | $0.00 | 7,000,000 | $0.01 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2019-08-30 | 2020-11-30 | No | 4 | C | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Common Stock Purchase Warrant | $3.50 | 2019-08-30 | 2024-08-30 | 222,223 | 222,223 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2024-08-30 | 222,223 | 222,223 | Direct |
Footnotes
- Reference is made to a Schedule 13G filed by the Reporting Person on May 5, 2020 for details on how the Reporting Person inadvertently became a beneficial owner of more than 4.99% of outstanding stock based on incorrect information provided by the issuer's transfer agent. In connection with the Reporting Person's conversion on April 20, 2020, it was its intention to sell such securities in an expeditious manner as market conditions allowed and not exercise any indicia of control of the issuer.
- As of April 21, 2020, the Reporting Person ceased to beneficially own 10% or more of outstanding common stock based on information supplied by the issuer.
- The conversion is exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-6.
- The conversion price is subject to adjustment in accordance with the Convertible Note.
- The exercise price is subject to adjustment in accordance with the Common Stock Purchase Warrant.
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