0001903596-23-000739.txt : 20230920
0001903596-23-000739.hdr.sgml : 20230920
20230920194655
ACCESSION NUMBER: 0001903596-23-000739
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230915
FILED AS OF DATE: 20230920
DATE AS OF CHANGE: 20230920
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Dowling Vincent J. Jr
CENTRAL INDEX KEY: 0001599510
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31990
FILM NUMBER: 231267559
MAIL ADDRESS:
STREET 1: 54 LEDYARD
CITY: WEST HARTFORD
STATE: CT
ZIP: 06117
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TEL INSTRUMENT ELECTRONICS CORP
CENTRAL INDEX KEY: 0000096885
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS & ACCESSORIES [3670]
IRS NUMBER: 221441806
STATE OF INCORPORATION: NJ
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: ONE BRANCA ROAD
CITY: EAST RUTHERFORD
STATE: NJ
ZIP: 07073
BUSINESS PHONE: 2019331600
MAIL ADDRESS:
STREET 1: ONE BRANCA ROAD
CITY: EAST RUTHERFORD
STATE: NJ
ZIP: 07073
4
1
ownership.xml
X0508
4
2023-09-15
1
0000096885
TEL INSTRUMENT ELECTRONICS CORP
TIKK
0001599510
Dowling Vincent J. Jr
7 SEA COURT
VERO BEACH
FL
32963
0
0
1
0
0
Common Stock, par value $0.10
446470
I
See footnote
Series B Convertible Preferred Stock
2023-09-15
4
P
0
66666.67
A
Common Stock
866666.67
399999.67
I
See footnote
148,134 shares of common stock are held by IRA FBO Vincent J. Dowling, Jr. Pershing LLC as Custodian Roth Conversion Account. Mr. Dowling has sole beneficial ownership of such shares. 200,000 shares are held by Millennium Trust Company, LLC Custodian FBO Vincent J. Dowling, Jr., Roth IRA. Mr. Dowling has sole beneficial ownership of such shares. 3,336 shares of common stock are held in IRA accounts for the benefit of Vincent J. Dowling Jr.'s daughter (1,112 shares) and two sons (1,112 shares each), and for which Mr. Dowling exercises control. 95,000 shares of common stock are held directly by Mr. Dowling.
The Series B Convertible Preferred Stock has the rights, privileges, preferences and restrictions set for in the Certificate of Amendment to Certificate of Incorporation filed by the Issuer with the Secretary
of State of the State of New Jersey on October 2, 2018 (the "Series B Designations"). Subject to the notice and other requirements set forth in the Series B Designations, the Series B Convertible Preferred
Stock is convertible at any time, at the holder's election, and there is no expiration date for such conversion. The Series B Designations provide that the Series B Convertible Preferred Stock is convertible
into shares of common stock at a price of $2.00 per share, subject to a maximum conversion amount and certain adjustments as set forth in the Series B Designations.
The Series A Convertible Preferred Stock has the rights, privileges,
preferences and restrictions set for in the Certificate of Amendment to Certificate of Incorporation filed by the Issuer with the Secretary of State of the State of New Jersey on November 8, 2017 (the "Series
A Designations"). Subject to the notice and other requirements set forth in the Series A Designations, the Series A Convertible Preferred Stock is convertible at any time, at the holder's election, and there is
no expiration date for such conversion. The Series A Designations provide that the Series A Convertible Preferred Stock is convertible into shares of common stock at a price of $3.00 per share, subject to a
maximum conversion amount and certain adjustments as set forth in the Series A Designations.
Includes 333,333 shares of Series A Convertible Preferred Stock and 66,666.67 shares of Series B Convertible Preferred Stock.
The shares of Series A Convertible Preferred Stock and Series B Convertible Preferred Stock are held by Millennium Trust Company, LLC Custodian FBO Vincent J. Dowling, Jr., Roth IRA. Mr.
Dowling has sole beneficial ownership of such shares.
Vincent J. Dowling Jr.
2023-09-20