Alex Spiro - Feb 15, 2022 Form 3/A - Amendment Insider Report for JONES SODA CO (JSDA)

Role: Director
Signature: /s/ Joe Culp, Attorney-In-Fact for Alex Spiro
Stock symbol: JSDA
Transactions as of: Feb 15, 2022
Transactions value $: $0
Form type: 3/A - Amendment
Date filed: 5/24/2022, 09:08 PM
Date Of Original Report: Feb 28, 2022
Previous filing: Jan 19, 2022
Next filing: May 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	JSDA	Common Stock						83K	Feb 15, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	JSDA	Convertible Debenture							Feb 15, 2022	Common Stock	$400K	$0.50	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents $400,000 unsecured 3% convertible debenture due February 9, 2023 (the "Contingent Convertible Debenture") that are convertible into units of Jones Soda Co. (each a "Jones Unit") at a conversion price of $0.50 per Jones Unit, with each Jones Unit consisting of one share of Jones Soda Co. common stock (each a "Jones Share") and one share purchase special warrant of Jones Soda Co. (each a "Jones Special Warrant"). Each Jones Special Warrant will be exercisable into one Jones Share at a price of $0.625 per Jones Share for a period of 24 months from the date of issuance, conditional upon Jones Soda Co. increasing its authorized capital to an amount to cover the Jones Shares issuable pursuant to all of the outstanding Jones Special Warrants as well as the other Jones Shares issuable pursuant to the then outstanding convertible/exercisable securities of Jones Soda Co..
F2	The Contingent Convertible Debentures are automatically convertible into Jones Units upon Jones Soda Co. increasing its authorized capital to an amount to cover the Jones Shares issuable pursuant to all of the outstanding Contingent Convertible Debentures as well as all of the other then outstanding convertible/exercisable securities of Jones (a "Conversion Event"). The Contingent Convertible Debentures are only convertible into Jones Units upon the occurrence of a Conversion Event.

Content

Represents $400,000 unsecured 3% convertible debenture due February 9, 2023 (the "Contingent Convertible Debenture") that are convertible into units of Jones Soda Co. (each a "Jones Unit") at a conversion price of $0.50 per Jones Unit, with each Jones Unit consisting of one share of Jones Soda Co. common stock (each a "Jones Share") and one share purchase special warrant of Jones Soda Co. (each a "Jones Special Warrant"). Each Jones Special Warrant will be exercisable into one Jones Share at a price of $0.625 per Jones Share for a period of 24 months from the date of issuance, conditional upon Jones Soda Co. increasing its authorized capital to an amount to cover the Jones Shares issuable pursuant to all of the outstanding Jones Special Warrants as well as the other Jones Shares issuable pursuant to the then outstanding convertible/exercisable securities of Jones Soda Co..

The Contingent Convertible Debentures are automatically convertible into Jones Units upon Jones Soda Co. increasing its authorized capital to an amount to cover the Jones Shares issuable pursuant to all of the outstanding Contingent Convertible Debentures as well as all of the other then outstanding convertible/exercisable securities of Jones (a "Conversion Event"). The Contingent Convertible Debentures are only convertible into Jones Units upon the occurrence of a Conversion Event.