Sec Form 4 Filing - Adler Yaron @ Orgenesis Inc. - 2014-03-04

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
Adler Yaron
2. Issuer Name and Ticker or Trading Symbol
Orgenesis Inc. [ ORGS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O ORGENESIS INC., 20271 GOLDENROD LANE
3. Date of Earliest Transaction (MM/DD/YY)
03/04/2014
(Street)
GERMANTOWN, MD20876
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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 06/11/2018 C 37,662 A 37,662 I Held through Yaron Adler Investment (1999) LTD
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 $ 6.24 03/04/2014 A 16,026 03/04/2017 03/04/2017 Common Stock 16,026 $ 0 16,026 I Held through Yaron Adler Investment (1999) LTD
Warrants $ 6.24 11/30/2015 A 9,616 11/30/2018 11/30/2018 Common Stock 9,616 $ 0 9,616 I Held through Yaron Adler Investment (1999) LTD
6% Convertible Note $ 4.8 ( 2 ) 09/15/2014 P 100,000 ( 3 ) 09/15/2014 03/15/2015 Common Stock ( 3 ) $ 0 100,000 ( 3 ) I Held through Yaron Adler Investment (1999) LTD
6% Convertible Note $ 4.8 ( 2 ) 06/11/2018 C 100,000 ( 3 ) 09/15/2014 03/15/2015 Common Stock 37,662 ( 2 ) ( 3 ) $ 0 0 I Held through Yaron Adler Investment (1999) LTD
Stock Option $ 4.8 ( 2 ) 12/09/2016 A 41,667 ( 2 ) ( 4 ) 12/09/2026 Common Stock 41,667 ( 2 ) $ 0 41,667 ( 2 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Adler Yaron
C/O ORGENESIS INC.
20271 GOLDENROD LANE
GERMANTOWN, MD20876
X
Signatures
/s/ Yaron Adler 03/05/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These securities were acquired by the reporting person upon the conversion of a convertible note as described in footnote 3 below.
( 2 )Represents post-reverse stock split amounts.
( 3 )Represents an unsecured convertible note with a maturity date of March 15, 2015 (the "Maturity Date") issued by the Issuer to the reporting person on September 15, 2014 for a loan of $100,000 (the "Principal Amount"). The Principal Amount and any accrued but unpaid interest was convertible into shares of common stock of the Issuer (each a "Conversion Share") at a conversion price of $0.40 per Conversion Share. The conversion price per Conversion Share was adjusted to $4.80 as a result of the post-reverse stock split. Interest accrued daily at a rate of 6% per 360-day year and, due to default, increased to 24% per 360-day year, including the Principal Amount and any accrued but unpaid interest, from and after the Maturity Date. On June 11, 2018, the reporting person converted the loan and any accrued but unpaid interest and received 37,662 Conversion Shares in full satisfaction of the convertible note.
( 4 )These non-plan options were awarded to purchase shares of common stock of the Issuer and vested in equal quarterly installments over a two-year period from the award date.

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