David Briones - Oct 8, 2020 Form 3 Insider Report for UNIQUE LOGISTICS INTERNATIONAL INC (UNQL)

Role
Director
Signature
/s/ David Briones
Stock symbol
UNQL
Transactions as of
Oct 8, 2020
Transactions value $
$0
Form type
3
Date filed
9/6/2022, 06:15 AM
Next filing
Dec 20, 2021

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
holding UNQL Series A Preferred Oct 8, 2020 Common Stock 133M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Briones owns 20,000 shares of Series A Preferred Stock of the Issuer. Each share of Series A Preferred is convertible at any time into six thousand five hundred forty-seven shares of Common Stock of the Issuer. The Series A Preferred shares are convertible for no additional consideration at the election of the holder.
F2 Mr. Briones may not convert the Series A Preferred shares to the extent that such conversion would result in beneficial ownership by Mr. Briones of more than 4.99% of the issued and outstanding Common Stock of the Issuer.