X0306
4
2017-12-19
0
0001487197
BARFRESH FOOD GROUP INC.
BRFH
0001531964
Ibex Investors LLC
3200 CHERRY CREEK SOUTH DRIVE
SUITE 670
DENVER
CO
80209
0
0
1
0
0001531960
BORUS JUSTIN B
3200 CHERRY CREEK SOUTH DRIVE
SUITE 670
DENVER
CO
80209
0
0
1
0
0001639757
Lazarus Macro Micro Partners LLLP
3200 CHERRY CREEK SOUTH DRIVE
SUITE 670
DENVER
CO
80209
0
0
1
0
0001232118
Ibex Microcap Fund LLLP
3200 CHERRY CREEK SOUTH DRIVE
SUITE 670
DENVER
CO
80209
0
0
1
0
Common Stock
2017-12-19
4
X
0
579897
0.485
A
13004215
I
See Footnotes
Common Stock
2017-12-19
4
S
0
491782
0.5719
D
12512433
I
See Footnotes
Warrant (right to buy)
0.485
2017-12-19
4
X
0
579897
0.00
D
2014-12-23
2017-12-20
Common Stock
579897
0
I
See Footnotes
The reporting person exercised a warrant to purchase 579,897 shares of the Issuer's common stock for $0.485 a share. The reporting person paid the exercise price on a cashless basis, resulting in the Issuer withholding 491,782 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 88,115 shares. As set forth in this Form 4, the payment of the exercise price for the warrants on a cashless basis, resulting in withholding of shares of common stock, is deemed a sale for Section 16 reporting purposes, however, the reporting person has not otherwise engaged in any sale transaction.
This form is filed jointly by Ibex Investors LLC ("Ibex"), Justin B. Borus, Ibex Microcap Fund LLLP ("Ibex Microcap") and Lazarus Macro Micro Partners LLLP ("Macro Micro Partners" and together with Ibex Microcap, the "Funds"). The securities reported herein are owned directly by Ibex Microcap except for 3,000 shares of common stock owned directly by Macro Micro Partners. Ibex is the investment adviser and general partner of the Funds and Mr. Borus is the manager of Ibex.
Each of Ibex and Mr. Borus expressly disclaims beneficial ownership of the securities held by the Funds except to the extent of his or its pecuniary interest therein. Each of the Funds expressly disclaims beneficial ownership of the shares held by the other Fund. The filing of this Form 4 shall not be construed as an admission that either Ibex or Mr. Borus, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, is the beneficial owner of any of the securities reported herein.
Ibex Investors LLC By: /s/ Justin B. Borus, Manager
2017-12-21
Ibex Microcap Fund LLLP By: Ibex Investors LLC, its general partner By: /s/ Justin B. Borus, Manager
2017-12-21
Lazarus Macro Micro Partners LLLP By: Ibex Investors LLC, its general partner By: /s/ Justin B. Borus, Manager
2017-12-21
/s/ Justin B. Borus
2017-12-21