Sec Form 4 Filing - KLUG G DARCY @ RedHawk Holdings Corp. - 2020-07-31

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
KLUG G DARCY
2. Issuer Name and Ticker or Trading Symbol
RedHawk Holdings Corp. [ SNDD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CFO
(Last) (First) (Middle)
100 PETROLEUM DRIVE, SUITE 200
3. Date of Earliest Transaction (MM/DD/YY)
07/31/2020
(Street)
LAFAYETTE, LA70508
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 660,000 D
Common Stock 07/31/2020 C 122,730,903 ( 3 ) A 125,857,047 I by related individuals, trust and LLC ( 1 ) ( 5 )
Common Stock 07/31/2020 C 124,849,365 ( 3 ) A 250,706,412 I by related individuals, trust and LLC ( 2 ) ( 5 )
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
Series A Preferred Stock $ 0.015 07/31/2020 C 1,473 ( 3 ) ( 4 ) ( 4 ) Common Stock ( 4 ) $ 0 19 I by LLC ( 5 )
Series B Preferred Stock $ 0.01 07/31/2020 C 1,000 ( 3 ) ( 6 ) ( 6 ) Common Stock ( 6 ) $ 0 0 I by LLC ( 5 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KLUG G DARCY
100 PETROLEUM DRIVE
SUITE 200
LAFAYETTE, LA70508
X X CFO
Beechwood Properties, LLC
219 CHEMIN METIARIE RD.
YOUNGSVILLE, LA70592
X
Signatures
/s/ G. Darcy Klug 08/13/2020
Signature of Reporting Person Date
/s/ Beechwood Properties, LLC, by G. Darcy Klug, Manager 08/13/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )After giving effect to conversion of the Series A Preferred (as defined below), the Common shares indirectly owned by Mr. Klug are held as follows: 2,350,000 shares are held by relatives, and 150,000 shares are held in the reporting person's trust. 123,357,047 shares are held by Beechwood, which is a greater than ten percent owner of the issuer and a second reporting person on this report. (See footnote 5 below.)
( 2 )After giving effect to conversion of the Series A Preferred (as defined below) and the Series B Preferred (as defined below), the Common shares indirectly owned by Mr. Klug are held as follows: 2,350,000 shares are held by relatives, and 150,000 shares are held in the reporting person's trust. 248,206,412 shares are held by Beechwood, which is a greater than ten percent owner of the issuer and a second reporting person on this report. (See footnote 5 below.)
( 3 )On July 31, 2020, 2020, the Reporting Person elected to (a) convert 1,473 shares of Series A Preferred stock (the "Series A Preferred") valued, on June 30, 2020, at approximately $1,133.81 per share of Series A Preferred, into 122,730,903 shares of Common Stock, and (b) convert 1,000 shares of Series B Preferred stock (the "Series B Preferred") valued, on June 30, 2020, at approximately $1,248.49 per share of Series B Preferred, into 124,849,365 shares of Common Stock.
( 4 )Each share of Series A Preferred of the Issuer has an initial stated value of $1,000 and accrues dividends at a rate of 5.0% of the stated value per year. The Issuer has the option to pay dividends in cash or through an increase in the stated value. Each share of Series A Preferred is convertible into a number of the Issuer's common stock, par value $0.001 per share, equal to the stated value (as may be increased from time to time), divided by $0.001. The conversion rate is also adjusted upon certain stock dividends, stock splits and reclassifications. The Series A Preferred are convertible at any time following the six (6) month anniversary of the date of issuance, and from time to time thereafter at the option of the holder. There is no expiration date for the conversion of the Series A Preferred. The Series A Preferred were valued, on June 30, 2020, at approximately $1,133.81 per share.
( 5 )These shares are owned directly by Beechwood Properties, LLC, a Louisiana limited liability company ("Beechwood") and a greater than ten percent owner of the issuer, and indirectly by G. Darcy Klug, as sole manager and sole member of Beechwood.
( 6 )Each share of Series B Preferred stock (the "Series B Preferred") of the Company has an initial stated value of $1,000 and accrues dividends at a rate of 5.0% of the stated value per year. The Company has the option to pay dividends in cash or through an increase in the stated value. Each share of Series B Preferred is convertible into a number of the Company's common stock, par value $0.001 per share, equal to the stated value (as may be increased from time to time), divided by $0.01. The conversion rate is also adjusted upon certain stock dividends, stock splits and reclassifications. The Series B Preferred are convertible at any time following the six (6) month anniversary of the date of issuance, and from time to time thereafter at the option of the holder. There is no expiration date for the conversion of the Series B Preferred. The Series B Preferred were valued, on June 30, 2020, at approximately $1,248.49 per share.

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