UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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 control number. |
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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Series A Preferred Stock | Â (4) | Â (5) | Common Stock | 319,306 | $ (5) | I (1) | By Epic Expansion Capital Annex, LLC (1) |
Series A Preferred Stock | Â (4) | Â (5) | Common Stock | 1,352,194 | $ (5) | D (1) | Â |
Series A Preferred Stock | Â (4) | Â (5) | Common Stock | 26,623 | $ (5) | I (2) | By Zions SBIC LLC (2) |
Series B Preferred Stock | Â (6) | Â (5) | Common Stock | 784,314 | $ (5) | D (1) | Â |
Series B Preferred Stock | Â (6) | Â (5) | Common Stock | 784,313 | $ (5) | I (2) | By Zions SBIC LLC (2) |
Series C Preferred Stock | Â (7) | Â (5) | Common Stock | 378,799 | $ (5) | D (1) | Â |
Series C Preferred Stock | Â (7) | Â (5) | Common Stock | 143,777 | $ (5) | I (2) | By Zions SBIC LLC (2) |
Series D Preferred Stock | Â (8) | Â (5) | Common Stock | 62,892 | $ (5) | D (1) | Â |
Series D Preferred Stock | Â (8) | Â (5) | Common Stock | 213,836 | $ (5) | I (2) | By Zions SBIC LLC (2) |
Series E Preferred Stock | Â (9) | Â (5) | Common Stock | 273,710 | $ (5) | I (1) | By Epic Expansion Capital, LLC (1) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
EPIC VENTURE FUND IV, LLC C/O EPIC VENTURES 15 W. SOUTH TEMPLE #500 SALT LAKE CITY, UT 84101 |
 |  X |  |  |
Epic Expansion Capital Annex, LLC C/O EPIC VENTURES 15 W. SOUTH TEMPLE #500 SALT LAKE CITY, UT 84101 |
 |  X |  |  |
ZIONS SBIC LLC C/O EPIC VENTURES 15 W. SOUTH TEMPLE #500 SALT LAKE CITY, UT 84101 |
 |  X |  |  |
Epic Expansion Capital, LLC C/O EPIC VENTURES 15 W. SOUTH TEMPLE #500 SALT LAKE CITY, UT 84101 |
 |  X |  |  |
MADSEN KENT C/O EPIC VENTURES 15 W. SOUTH TEMPLE #500 SALT LAKE CITY, UT 84101 |
 |  X |  |  |
Kent I. Madsen, Manager of Epic Management Partners LLC, Investment Manager of Epic Venture Fund IV, LLC | 11/12/2015 | |
**Signature of Reporting Person | Date | |
Kent I. Madsen, Manager of ZWMC, IV, L.L.C. Investment Manager of Zions SBIC LLC | 11/12/2015 | |
**Signature of Reporting Person | Date | |
Kent I. Madsen, Manager of Epic Management Partners, LLC, Investment Manager of Epic Expansion Capital Annex, LLC | 11/12/2015 | |
**Signature of Reporting Person | Date | |
Kent I. Madsen, Manager of Epic Management Partners, LLC, Investment Manager of Epic Expansion Capital, LLC | 11/12/2015 | |
**Signature of Reporting Person | Date | |
Kent I. Madsen, an individual | 11/12/2015 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Epic Management Partners, LLC (EMP) is the investment manager of Epic Venture Fund IV, LLC (EVF IV), Epic Expansion Capital Annex, LLC (EECA) and Epic Expansion Capital, LLC (EEC) and has sole voting and investment power with regard to the shares held directly by EVF IV, EECA and EEC. E. Nicholaus Efstratis and Kent I. Madsen are the managers of EMP and, therefore, may be deemed to share voting and investment power with regard to the shares held by EVF IV, EECA and EEC. Each of such individuals disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. The inclusion of these securities shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or any other purpose. |
(2) | ZWMC IV, L.L.C. (ZWMC) is the investment manager of Zions SBIC LLC (Zions SBIC) and has sole voting and investment power with regard to the shares held directly by Zions SBIC. E. Nicholaus Efstratis and Kent I. Madsen are the managers of ZWMC and, therefore, may be deemed to share voting and investment power with regard to the shares held by Zions SBIC. Each of such individuals disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. The inclusion of these securities shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or any other purpose. |
(3) | These shares are owned directly by Kent I. Madsen. |
(4) | The Series A Preferred Stock is convertible into Common Stock of the Issuer at the option of the holder. The Series A Preferred Stock will automatically convert into Common Stock on a 1-to-1 basis upon the closing of the initial public offering of the Issuer. |
(5) | Not applicable. |
(6) | The Series B Preferred Stock is convertible into Common Stock of the Issuer at the option of the holder. The Series B Preferred Stock will automatically convert into Common Stock on a 1-to-1 basis upon the closing of the initial public offering of the Issuer. |
(7) | The Series C Preferred Stock is convertible into Common Stock of the Issuer at the option of the holder. The Series C Preferred Stock will automatically convert into Common Stock on a 1-to-1 basis upon the closing of the initial public offering of the Issuer. |
(8) | The Series D Preferred Stock is convertible into Common Stock of the Issuer at the option of the holder. The Series D Preferred Stock will automatically convert into Common Stock on a 1-to-1 basis upon the closing of the initial public offering of the Issuer. |
(9) | The Series E Preferred Stock is convertible into Common Stock of the Issuer at the option of the holder. The Series E Preferred Stock will automatically convert into Common Stock upon closing of the initial public offering at a ratio dependent on the Issuer's initial public offering price. |