Patrizio Paul - Feb 24, 2022 Form 3 Insider Report for CREATIVE LEARNING Corp (CLCN)

Role
Director, 10%+ Owner
Signature
/s/ Paul Patrizio, Individually
Stock symbol
CLCN
Transactions as of
Feb 24, 2022
Transactions value $
$0
Form type
3
Date filed
3/31/2022, 11:19 AM
Next filing
Apr 29, 2022

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 CLCN Series A Convertible Preferred Stock Feb 24, 2022 Common Stock 10.2M AEP Holdings, LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series A Convertible Preferred Stock has no expiration date, and is convertible immediately into 33.94971 shares of common stock at the option of the holder, and mandatorily at the option of the company under certain circumstances. Each share of Series A Convertible Preferred Stock is entitled to receive dividends and vote on an "as converted" basis with the common stock.
F2 Based on 300,000 shares of Series A Convertible Preferred Stock owned by AEP Holdings, LLC.
F3 Paul Patrizio is the manager of AEP Holdings, LLC, and has voting control over shares owned by AEP Holdings, LLC, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by AEP Holdings, LLC, but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.