Sec Form 4 Filing - Heron Bay Trust @ Long Island Iced Tea Corp. - 2015-06-30

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Heron Bay Trust
2. Issuer Name and Ticker or Trading Symbol
Long Island Iced Tea Corp. [ LTEA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
SUITE 5501, 55TH FLOOR, CENTRAL PLAZA, 18 HARBOUR ROAD
3. Date of Earliest Transaction (MM/DD/YY)
06/30/2015
(Street)
WANCHAI, K3
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/30/2015 P 100,872 A $ 4 907,243 I By Ivory Castle Limited
Common Stock 09/30/2015 P 22,500 A 929,743 I By Ivory Castle Limited
Common Stock 01/20/2016 S( 2 ) 65,000 D $ 6.5 0 I By Gallo Holdings Limited
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants (Right to Buy) $ 6 09/30/2015 P 22,500 09/17/2015 09/17/2018 Common Stock 22,500 ( 1 ) 22,500 I By Ivory Castle Limited
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Heron Bay Trust
SUITE 5501, 55TH FLOOR
CENTRAL PLAZA, 18 HARBOUR ROAD
WANCHAI, K3
X
Ivory Castle Ltd
SUITE 5501, 55TH FLOOR
CENTRAL PLAZA, 18 HARBOUR ROAD
WANCHAI, K3
X
Signatures
/s/ Michael Raymond Shue and Chiu Wai Man, Vistra Asia Limited, Trustee for The Heron Bay Trust 04/06/2016
Signature of Reporting Person Date
/s/ Chiu Mei Yee, Zeehan Limited, director of Ivory Castle Limited 04/06/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person purchased 22,500 units from the issuer, each unit consisting of one share of the issuer's common stock and one warrant, at a price of $4.00 per unit. Each warrant entitles the holder to purchase one share of the issuer's common stock at an exercise price of $6.00 per share, subject to adjustment. The units separated immediately upon issuance. The common stock and warrants were issued separately and may be traded separately.
( 2 )The reporting person's sale of the issuer's common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, (i) to the extent of 22,500 shares, with the reporting person's purchase of 22,500 shares included in units acquired from the issuer at a price of $4.00 per unit on September 30, 2015, and (ii) to the extent of 22,500 shares, with the reportig person's purchase of 22,500 warrants included in such units. The reporting person is paying to the issuer $56,250, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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