Sunandan Ray - Aug 13, 2021 Form 4 Insider Report for UNIQUE LOGISTICS INTERNATIONAL INC (UNQL)

Role
Chief Executive Officer, Director
Signature
/s/ Sunandan Ray
Stock symbol
UNQL
Transactions as of
Aug 13, 2021
Transactions value $
$0
Form type
4
Date filed
3/7/2022, 08:09 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNQL Common Stock, par value $0.001 Options Exercise +126M +64% 322M Aug 13, 2021 Frangipani Trade Services, Inc. F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UNQL Series B Preferred Options Exercise -19.2K -2.8% 668K Aug 13, 2021 Common Stock 126M Frangipani Trade Services, Inc. F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 13, 2021, Mr. Ray was issued 125,692,224 shares of the Issuer's common stock pursuant to the conversion of 19,200 shares of Series B Preferred. Each share of Series B Preferred is convertible into six thousand five hundred forty-seven shares of Common Stock of the Issuer. The holders of the Series B Preferred shall vote together with the holders of the Issuer's Common Stock on an as converted basis on each matter submitted to a vote of holders of Common Stock. The Series B Preferred shares are convertible for no additional consideration at the election of the holder. The Preferred Stock is only convertible upon the Company having the authorized shares available for conversion.
F2 Mr. Ray is the principal and sole owner of Frangipani Trade Services, Inc.