SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Heron Bay Trust

(Last) (First) (Middle)
SUITE 5501, 55TH FLOOR
CENTRAL PLAZA, 18 HARBOUR ROAD

(Street)
WANCHAI K3

(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2015
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 (1) 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
1. Name and Address of Reporting Person*
Heron Bay Trust

(Last) (First) (Middle)
SUITE 5501, 55TH FLOOR
CENTRAL PLAZA, 18 HARBOUR ROAD

(Street)
WANCHAI K3

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Ivory Castle Ltd

(Last) (First) (Middle)
SUITE 5501, 55TH FLOOR
CENTRAL PLAZA, 18 HARBOUR ROAD

(Street)
WANCHAI K3

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
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.
Remarks:
/s/ Michael Raymond Shue and Chiu Wai Man, Vistra Asia Limited, Trustee for The Heron Bay Trust 04/06/2016
/s/ Chiu Mei Yee, Zeehan Limited, director of Ivory Castle Limited 04/06/2016
** 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 4 (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.
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