Cincinnati Cornerstone Investors BWV I, LLC - Feb 23, 2022 Form 4 Insider Report for Blue Water Vaccines Inc. (BWV)

Role
10%+ Owner
Signature
/s/ Michael Venerable Representative of the Manager
Stock symbol
BWV
Transactions as of
Feb 23, 2022
Transactions value $
-$4,479,999
Form type
4
Date filed
2/24/2022, 02:46 PM
Previous filing
Feb 17, 2022
Next filing
Aug 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWV Common Stock Conversion of derivative security $0 +3.61M $0.00 3.61M Feb 23, 2022 Direct 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 BWV Series Seed Preferred Stock Conversion of derivative security -$4.48M -736K -100% $6.09* 0 Feb 23, 2022 Common Stock 3.61M $1.52 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Series Seed Preferred Stock and all related accrued and unpaid dividends automatically converted into Common Stock, as previously agreed, upon the closing of the initial public offering of the Issuer. The Series Seed Preferred Stock was convertible at any time and had no expiration date.
F2 Cincinnati Cornerstone Capital, LLC, as the manager and a member of Cincinnati Cornerstone Investors BWV I, LLC, beneficially owns the reported securities indirectly, but disclaims beneficial ownership of the reported securities, except to the extent of its pecuniary interest therein.