SECURITY OWNERSHIP OF MANAGEMENT
AND PRINCIPAL STOCKHOLDERS
The following table sets forth, as of November 6, 2020 certain information with respect to the beneficial ownership of our common stock by (1) each person known by us to own beneficially more than 5% of the outstanding shares of common stock, (2) each of our directors, (3) each of our named executive officers and (4) all of our current executive officers and directors as a group. There were 38,215,792 shares of common stock outstanding as of November 6, 2020.
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Name
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Number of
Shares
Beneficially
Owned(1)
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Percent of
Shares Beneficially
Owned
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Bradford T. Whitmore
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30,182,599
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(2)
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62.6
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%
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Grace Investments, Ltd.
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601,410
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(3)
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1.6
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%
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John H. Conley, Jr.
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2,350,000
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(4)
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6.2
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%
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R. Janet Whitmore
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1,591,263
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(5)
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4.2
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%
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Jess A. Jankowski
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719,500
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(6)
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1.9
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%
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Richard W. Siegel, Ph.D.
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480,937
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(7)
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1.3
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%
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Kevin Cureton
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377,333
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(8)
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1.0
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%
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George A. Vincent, III
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117,467
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(9)
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*
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Laura M. Beres
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—
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*
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All current executive officers and directors as a group (6 persons)
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3,286,500
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(10)
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8.3
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%
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Unless otherwise indicated below, the person’s address is the same as the address for the Company.
*Denotes beneficial ownership of less than one percent.
(1)Beneficial ownership is determined in accordance with the rules of the SEC. Unless otherwise indicated below, the persons in the above table have sole voting and investment power with respect to all shares of common stock shown as beneficially owned by them.
(2)Includes 601,410 shares of common stock held by Grace Investments, Ltd. and 19,581,189 shares held by Bradford T. Whitmore, as well as 51,454 shares held by his daughter. Mr. Whitmore is a general partner of Grace Investments, Ltd. In such capacity, Mr. Whitmore shares voting and investment power with respect to the shares of common stock held Grace Investments, Ltd. This amount also includes 10,000,000 shares of common stock that are subject to a convertible note executed between Mr. Whitmore and the Company that was effective November 8, 2020. This information is based on information reported on a Form 13-D/A, and a Form 4, filed on November 6, 2020 and October 1, 2020, respectively, with the SEC. The address of the stockholder is 1603 Orrington Avenue, Suite 900, Evanston, Illinois 60201.
(3)Includes 601,410 shares of common stock held by Grace Investments, Ltd. This information is based on information reported on the Form 13-D/A referenced above. The address of the stockholder is 1603 Orrington Avenue, Suite 900, Evanston, Illinois 60201.
(4)This information is based on information reported on Schedule 13G/A filed with the SEC on January 30, 2020. The address of the stockholder is 8 Rene Carr Street, Elkton, Maryland 21921.
(5)Includes Ms. Whitmore’s 91,099 shares of common stock issuable upon exercise of options exercisable currently or within 60 days of November 6, 2020, as well as 51,454 shares held by her son.
(6)Includes Mr. Jankowski’s 659,500 shares of common stock issuable upon exercise of options exercisable currently or within 60 days of November 6, 2020, as well as 1,000 shares held by his spouse.
(7)Includes Dr. Siegel’s 91,099 shares of common stock issuable upon exercise of options exercisable currently or within 60 days of November 6, 2020.
(8)Is composed of Mr. Cureton’s 377,333 shares of common stock issuable upon exercise of options exercisable currently or within 60 days of November 6, 2020.
(9)Includes Mr. Vincent’s 96,849 shares of common stock issuable upon exercise of options exercisable currently or within 60 days of November 6, 2020.
(10)Includes all current executive officers and directors as a group’s 1,315,880 shares of common stock issuable upon exercise of options exercisable currently or within 60 days of November 6, 2020.