Jackson Investment Group, LLC - 06 May 2021 Form 4 Insider Report for Staffing 360 Solutions, Inc. (STAF)

Role
10%+ Owner
Signature
/s/ Jackson Investment Group, LLC By: Richard L. Jackson, Manager and CEO
Issuer symbol
STAF
Transactions as of
06 May 2021
Net transactions value
$0
Form type
4
Filing time
13 May 2021, 17:05:14 UTC
Next filing
29 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STAF Common Stock Other $7,665,000 -7,665,000 -63% $1.00 4,467,204 06 May 2021 Direct F1, F2, F3
transaction STAF Common Stock Other $7,665,000 +7,665,000 $1.00 4,467,204 06 May 2021 Direct F1, F2, F3

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 STAF Series E Convertible Preferred Stock Other $38,093,584,000 -6,172 -100% $6172000.00* 0 06 May 2021 Common Stock 6,172,000 $1.00 Direct F1, F4, F5
transaction STAF Series G Convertible Preferred Stock Other $38,093,584,000 +6,172 $6172000.00* 0 06 May 2021 Common Stock 6,172,000 $1.00 Direct F1, F4, F5
transaction STAF Series E-1 Convertible Preferred Stock Other $2,229,049,000 -1,493 -50% $1493000.00* 1,493 06 May 2021 Common Stock 1,493,000 $1.00 Direct F1, F4, F5
transaction STAF Series G-1 Convertible Preferred Stock Other $2,229,049,000 +1,493 $1493000.00* 1,493 06 May 2021 Common Stock 1,493,000 $1.00 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a reclassification exempt under Rule 16b-7, on May 6, 2021, each share of Series E Convertible Preferred Stock was exchanged by the Reporting Person for one share of newly-issued Series G Convertible Preferred Stock and each share of Series E-1 Convertible Preferred Stock was exchanged by the Reporting Person for one share of newly-issued Series G-1 Convertible Preferred Stock.This transaction is being voluntarily reported on this Form 4.
F2 Consists of all shares of common stock underlying the Convertible Preferred Stock reported in Table 2.
F3 Includes 2,068,696 shares owned, 905,508 shares that could be acquired pursuant to presently exercisable warrants, and 1,493,000 shares that would be acquired upon conversion of series G-1 shares owned.
F4 The Preferred Stock is perpetual and therefore has no expiration date.
F5 The shares of Series G Preferred Stock owned by the Reporting Person are not convertible into Common Stock until October 31, 2022 so are not included as being beneficially owned.