Rebus (RBSH) Form 3 Inspyr Therapeutics / John Robison Montgomery ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Montgomery John Robison

(Last) (First) (Middle)

31200 VIA COLINAS #200

(Street)

WESTLAKE VILLAGE CA 91362

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/31/2017

3. Issuer Name and Ticker or Trading Symbol
Inspyr Therapeutics, Inc. [ NSPX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock(1)	236,163	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock Purchase Option(2)	07/31/2017	07/31/2022	Common Stock	2,500	0.348	D

Explanation of Responses:

1. Represents common shares received pursuant to a share exchange agreement with Lewis & Clark Pharmaceuticals, and subject to lock-up for 18 months from the acquisition date. The shares are held in joint tenancy.

2. Represents compensatory stock option grant for director services upon joining the Board of Directors. The options vest fully on August 1, 2018, subject to Mr. Montgomery continuously providing services to the Company during such vesting period.

	/s/ John Montgomery	08/15/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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