FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 07/24/2013 |
3. Issuer Name and Ticker or Trading Symbol
Genesis Biopharma, Inc [ GNPB ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 120,600,000(1) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Market Cap Earn-Out(2) | 07/24/2013 | 01/24/2015 | Common Stock | 60,750,000(2) | 0.02 | D |
Explanation of Responses: |
1. Dr. Singh acquired these securities on July 24, 2013 as consideration for his shares of common stock of Lion Biotechnologies, Inc., which company Genesis Biopharma, Inc. acquired by merger on that date. The merger agreement also provides that during the 12-month period following the merger, for each $1,000,000 of gross proceeds received by Genesis from any financings, licensing or similar transaction (except from certain listed investors), Dr. Singh will receive 4,050,000 additional shares of Genesis common stock, up to a maximum of 60,750,000. |
2. Under the merger agreement between Lion Biotechnologies, Inc. and Genesis Biopharma, Inc., Dr. Singh is also entitled to 60,750,000 additional shares of common stock if, during the 18 months following the closing of the merger, the closing price per share of Genesis common stock equals or exceeds $0.04, as adjusted for any stock split, reverse stock split, recapitalization or the like, and $100,000 of Genesis common stock is traded for any 10 out of 30 consecutive trading days. |
/s/ Manish Singh | 08/01/2013 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |