Optex Systems Holdings Inc. (OPXS)

[fireopal]

"On Alpha...Those shares are very likely IMO from series C convertibles being converted since the 2016 annual..." opted to check this first ---Schedule 13G must be filed within 45 days if investor holds more than 5% -https://www.investopedia.com/terms/s/schedule13g.asp

12/16 10K - Series C

Our board of directors designated 400 shares of our preferred stock as Series C convertible preferred stock (“Series C preferred stock”).....Each Series C preferred share is convertible at any time at the holder’s option into a number of shares of common stock equal to $5,000 divided by the Series C Conversion Price. The “Series C Conversion Price” is initially $1.20...

During the twelve months ending October 2, 2016 there were 400 preferred Series C shares issued, at a total stated value of $2 million, pursuant to the public offering on August 26, 2016, and conversions of 40 preferred Series C shares, or $200 thousand, into 166,667 common shares. As of October 2, 2016 there were 360 preferred Series C shares outstanding. pgs 73-74 https://www.sec.gov/Archives/edgar/data/1397016/000161577416009051/s104982_10k.htm


12/17 10K - During the twelve months ending October 12, 2017, there were no new issues of preferred Series C shares, and conversions of 186 preferred Series C shares, or $0.9 million, into 775,000 common shares. As of October 1, 2017 there were 174 preferred Series C shares outstanding. pg 74 https://www.sec.gov/Archives/edgar/data/1397016/000161577417007478/s108458_10k.htm