SEC Form 4
FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol Muscle Maker, Inc. [ MMB ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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3. Date of Earliest Transaction (Month/Day/Year) 04/26/2019 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 08/02/2019 | P | 3,150 | A | $2 | 211,195 | D | |||
Common Stock | 08/02/2019 | P | 20,750 | A | $1 | 208,045 | D | |||
Common Stock | 04/26/2019 | P | 86,500 | A | $1 | 187,295 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
15% Senior Secured Convertible Promissory Notes | $1 | 01/09/2019 | P | $50,000 | 01/09/2019 | (1) | Common Stock | 50,000 | $1 | 50,000 | D | ||||
Common Stock Purchase Warrants | $1.2 | 01/09/2019 | P | 25,000 | 01/09/2019 | 01/09/2024 | Common Stock | 25,000 | $1.2 | 25,000 | D | ||||
Warrant (right to buy)(1) | $9.33 | 08/14/2017 | P | 5,356 | 08/14/2017 | 08/14/2020 | Common Stock | 5,356 | $9.33 | 5,356 | D | ||||
Convertible debt (right to buy)(2) | $1 | 08/07/2017 | P | 100,000 | 08/07/2017 | 01/24/2020 | Common Stock | 100,000 | $1 | 100,000 | D |
Explanation of Responses: |
1. The issuer granted the reporting person a 3-year warrant to purchase 5,356 shares of common stock of the issuer at an exercise price of $9.33 per share in connection with a loan made by the reporting person to the issuer in 2017. |
2. On August 7, 2017, the issuer issued a convertible note to the reporting person for a loan of $100,000, maturing six months after issuance of the convertible note, convertible into common stock at a price per share of $1.625, and, if not converted, a stated interest rate of 10% per six .months, will become due and payable along with the principal amount. The Company and the holder agreed to extend the due date on two separate occasions. In connection with the extension of the maturity date to January 24, 2020, the Company and the holder agreed to reduce the conversion price to $1.00 per share. |
/s/ Southall III Alfred B. | 09/06/2019 | |
** 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 4 (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. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |