0000919574-22-001710.txt : 20220217
0000919574-22-001710.hdr.sgml : 20220217
20220217185423
ACCESSION NUMBER: 0000919574-22-001710
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220215
FILED AS OF DATE: 20220217
DATE AS OF CHANGE: 20220217
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Manchester Explorer, L.P.
CENTRAL INDEX KEY: 0001411524
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41277
FILM NUMBER: 22650143
BUSINESS ADDRESS:
STREET 1: MANCHESTER MANAGEMENT COMPANY, L.L.C
STREET 2: 3 WEST HILL PLACE
CITY: Boston
STATE: ma
ZIP: 02114
BUSINESS PHONE: 617-399-1740
MAIL ADDRESS:
STREET 1: MANCHESTER MANAGEMENT COMPANY, L.L.C
STREET 2: 3 WEST HILL PLACE
CITY: Boston
STATE: ma
ZIP: 02114
FORMER NAME:
FORMER CONFORMED NAME: Manchester Explorer LP
DATE OF NAME CHANGE: 20070904
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MANCHESTER MANAGEMENT CO LLC
CENTRAL INDEX KEY: 0001169253
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41277
FILM NUMBER: 22650144
BUSINESS ADDRESS:
STREET 1: 3 WEST HILL PLACE
CITY: BOSTON
STATE: MA
ZIP: 02110
BUSINESS PHONE: 6178568995
MAIL ADDRESS:
STREET 1: 3 WEST HILL PLACE
CITY: BOSTON
STATE: MA
ZIP: 02110
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MANCHESTER MANAGEMENT PR, LLC
CENTRAL INDEX KEY: 0001735534
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41277
FILM NUMBER: 22650140
BUSINESS ADDRESS:
STREET 1: 3 WEST HILL PLACE
CITY: BOSTON
STATE: MA
ZIP: 02114
BUSINESS PHONE: 617-399-1740
MAIL ADDRESS:
STREET 1: 3 WEST HILL PLACE
CITY: BOSTON
STATE: MA
ZIP: 02114
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BESSER JAMES E
CENTRAL INDEX KEY: 0001512127
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41277
FILM NUMBER: 22650141
MAIL ADDRESS:
STREET 1: 3 WEST HILL PLACE
CITY: BOSTON
STATE: MA
ZIP: 02114
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FRANK MORGAN C.
CENTRAL INDEX KEY: 0001593072
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41277
FILM NUMBER: 22650142
MAIL ADDRESS:
STREET 1: 2 CALLE NAIRN
STREET 2: UNIT 701
CITY: SAN JUAN
STATE: PR
ZIP: 00907
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Modular Medical, Inc.
CENTRAL INDEX KEY: 0001074871
STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
IRS NUMBER: 870620495
STATE OF INCORPORATION: NV
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: 16772 WEST BERNARDO DRIVE
CITY: SAN DIEGO
STATE: CA
ZIP: 92127
BUSINESS PHONE: 858-800-3500
MAIL ADDRESS:
STREET 1: 16772 WEST BERNARDO DRIVE
CITY: SAN DIEGO
STATE: CA
ZIP: 92127
FORMER COMPANY:
FORMER CONFORMED NAME: BEAR LAKE RECREATION INC
DATE OF NAME CHANGE: 19981208
4
1
ownership.xml
X0306
4
2022-02-15
0
0001074871
Modular Medical, Inc.
MODD
0001169253
MANCHESTER MANAGEMENT CO LLC
3 WEST HILL PLACE
BOSTON
MA
02110
0
0
1
1
Director by Deputization
0001411524
Manchester Explorer, L.P.
2 CALLE CANDINA, #1701
SAN JUAN
PR
00907
PUERTO RICO
0
0
1
0
0001593072
FRANK MORGAN C.
2 CALLE CANDINA, #1701
SAN JUAN
PR
00907
PUERTO RICO
1
0
1
0
0001512127
BESSER JAMES E
2 CALLE CANDINA, #1701
SAN JUAN
PR
00907
PUERTO RICO
0
0
1
0
0001735534
MANCHESTER MANAGEMENT PR, LLC
2 CALLE CANDINA, #1701
SAN JUAN
PR
00907
PUERTO RICO
0
0
1
0
Common Stock, par value $0.001 per share
2022-02-15
4
M
0
234274
A
2218077
I
see footnote
Common Stock, par value $0.001 per share
317473
I
see footnote
Common Stock, par value $0.001 per share
124750
D
Common Stock, par value $0.001 per share
60277
D
Convertible Promissory Note
2022-02-15
4
M
0
1000000
D
Common Stock, par value $0.001 per share; Warrant
0
I
see footnote
Common Stock Purchase Warrant
6.60
2022-02-15
4
M
0
234274
A
2022-02-14
2027-02-14
Common Stock, par value $0.001 per share
234274
234274
I
see footnote
Common Stock Purchase Warrant
6.60
2022-02-10
2027-02-10
Common Stock, par value $0.001 per share
300000
300000
I
see footnote
Common Stock Purchase Warrant
8.61
2022-02-06
2027-02-06
Common Stock, par value $0.001 per share
119237
I
see footnote
The reported securities were obtained due to the conversion of a Convertible Promissory Note (the "Note"). The Note was convertible into an equal amounts of shares of Common Stock, par value $0.001 per share and Common Stock Purchase Warrants at a conversion price equal to the sum of principal and accrued interest multiplied by 1.25. The principal amount of the Note was $1,026,630 and the Note had accrued $97,881 of interest. The total principal and interest was then multiplied by 1.25 resulting in a conversion value of $1,405,639. This translated to 234,274 shares of Common Stock, par value $0.001 per share and 234,274 Common Stock Purchase Warrants based upon a $6.00 purchase price. The foregoing description of the Note does not purport to be complete and is subject to and qualified in its entirety by reference to the Form of Convertible Promissory Note included as Exhibit 10.21 of the Issuer's 8-K filed on May 12, 2021, which is incorporated by reference.
The reported securities are owned directly by Manchester Explorer, L.P. ("Explorer") and may be deemed to be indirectly beneficially owned by (i) Manchester Management, the general partner of Explorer, (ii) Manchester Management PR, LLC ("Manchester PR"), the investment adviser to Manchester Management, (iii) James E. Besser, the managing member of Manchester Management and Manchester PR, and (iv) Morgan Frank, who serves as a portfolio manager and as a consultant for Explorer. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
The reported securities are owned directly by JEB Partners, L.P. ("JEB Partners") and may be deemed to be indirectly beneficially owned by (i) Manchester Management, the general partner of JEB Partners, (ii) Manchester PR, the investment adviser to Manchester Management, and (iii) James E. Besser, the managing member of Manchester Management and Manchester PR. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
The reported securities are directly owned by James E. Besser in his personal capacity.
The reported securities are directly owned by Morgan C. Frank in his personal capacity.
This amount of reported securities has been adjusted from 126,391 to 119,237 to accurately reflect the number of Warrants held by Explorer. The foregoing description of the Warrant does not purport to be complete and is subject to and qualified in its entirety by reference to the Form of Common Stock Purchase Warrant included as Exhibit 10.22 of the Issuer's 8-K filed on May 12, 2021, which is incorporated by reference.
Manchester Explorer, L.P. By: /s/ James E. Besser, Managing Member of the General Partner
2022-02-17
Manchester Management Company, LLC By: /s/ James E. Besser, Managing Member
2022-02-17
Morgan C. Frank By: /s/ Morgan C. Frank
2022-02-17
James E. Besser By: /s/ James E. Besser
2022-02-17
Manchester Management PR, LLC By: /s/ James E. Besser, Managing Member
2022-02-17