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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN 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. | |||
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. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Common Stock Warrant, right to buy | $ 16 | 12/18/2013 | J | 7,143 | 07/31/2012 | 07/31/2017 | Common Stock | 7,143 | (1) | 0 | D | ||||
Common Stock Warrant, right to buy | $ 14 | 12/18/2013 | J | 208 | 08/31/2012 | 08/31/2017 | Common Stock | 208 | (1) | 0 | D | ||||
Common Stock Warrant, right to buy | $ 14 | 12/18/2013 | J | 1,786 | 07/31/2012 | 07/31/2017 | Common Stock | 1,786 | (1) | 0 | D | ||||
Common Stock Warrant, right to buy | $ 14 | 12/18/2013 | J | 89 | 05/17/2012 | 05/17/2017 | Common Stock | 89 | (1) | 0 | D | ||||
Common Stock Warrant, right to buy | $ 16 | 12/18/2013 | J | 178,571 | 01/18/2012 | 07/31/2017 | Common Stock | 178,571 | (1) | 0 | I | The Shoshana Shapiro Halpern Revocable Trust | |||
Common Stock Warrant, right to buy | $ 14 | 12/18/2013 | J | 5,089 | 01/18/2012 | 01/18/2017 | Common Stock | 5,089 | (1) | 0 | D | ||||
Common Stock Warrant, right to buy | $ 14 | 12/18/2013 | J | 1,607 | 01/17/2012 | 01/17/2017 | Common Stock | 1,607 | (1) | 0 | D | ||||
Common Stock Warrant, right to buy | $ 14 | 12/18/2013 | J | 34,619 | 07/01/2009 | 01/18/2017 | Common Stock | 34,619 | (1) | 0 | I | Baruch Halpern Revocable Trust | |||
Baruch Halpern Revocable Trust | $ 14 | 12/18/2013 | J | 2,284 | 07/01/2009 | 01/18/2017 | Common Stock | 2,284 | (1) | 0 | D | ||||
10% Secured Convertible Promissory Note Due 2015 | $ 14 | 12/18/2013 | J | $ 100,000 | 07/31/2012 | 07/31/2015 | Common Stock | 7,143 | (1) | $ 0 | D | ||||
10% Secured Convertible Promissory Note Due 2015 | $ 14 | 12/18/2013 | J | $ 2,500,000 | 01/18/2012 | 07/31/2015 | Common Stock | 178,571 | (1) | $ 0 | I | The Shoshana Shapiro Halpern Revocable Trust | |||
Right to Common Stock | (1) | 12/18/2013 | J | 42,665 | (1) | (1) | Common Stock | 42,665 | (1) | 42,665 | D | ||||
Right to Common Stock | (1) | 12/18/2013 | J | 610,268 | (1) | (1) | Common Stock | 610,268 | (1) | 610,268 | I | The Shoshana Shapiro Halpern Revocable Trust | |||
Right to Common Stock | (1) | 12/18/2013 | J | 57,122 | (1) | (1) | Common Stock | 57,122 | (1) | 57,122 | I | Baruch Halpern Revocable Trust |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HALPERN BARUCH 6720 N SCOTTSDALE RD SUITE 390 SCOTTSDALE, AZ 85253 |
X |
J. Dale Belt, by power of attorney | 12/19/2013 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Effective as of November 13, 2013, Mr. Halpern agreed to exchange warrants to purchase 231,396 shares of common stock for 710,055 shares of our common stock (the Shares). Additionally, Mr. Halpern agreed to amend his subordinated convertible notes to reduce the interest rate under the notes to five percent (5%) from ten percent (10%) and to remove the conversion feature and anti-dilutive protections under the note. The Shares are not issuable until RiceBran Technologies shareholders approve an increase in the authorized number of shares. If the shareholders do not approve to increase the authorized number of shares of common stock by July 1, 2014, the interest rate on the notes will increase to ten percent (10%). The warrant exchange and amendment to the notes were contingent upon our raising of at least $7.0 million, which occurred December 18, 2013. |