4//SEC Filing
Truli Media Group, Inc. 4
Accession 0001213900-16-014569
$NIXXCIK 0001462223operating
Filed
Jun 28, 8:00 PM ET
Accepted
Jun 29, 10:24 AM ET
Size
12.6 KB
Accession
0001213900-16-014569
Insider Transaction Report
Form 4
SOLOMON MICHAEL JAY
DirectorChief Executive Officer10% Owner
Transactions
- Purchase
Common Stock
2015-12-16$0.90/sh+27,798$25,018→ 892,676 total - Other
Option to Purchase 4% Convertible Note
2015-12-17$10.00/sh−4,889,834$48,898,340→ 0 totalExercise: $0.02From: 2015-12-17Exp: 2020-12-01→ Common Stock (4,889,834 underlying) - Other
4% Convertible Note
2015-12-16$1955933.91/sh+97,796,695$191,283,872,036,427Exercise: $0.02From: 2015-12-16Exp: 2020-12-01→ Common Stock (97,796,695 underlying) - Other
4% Convertible Note
2016-01-27$1955933.91/sh+4,889,834$9,564,192,134,871Exercise: $0.02From: 2015-12-16Exp: 2020-12-01→ Common Stock (4,889,834 underlying)
Footnotes (5)
- [F1]Reporting person, Michael Jay Solomon received 27,798 shares of common stock in exchange for payment of past due invoices of $25,000 on behalf of the issuer.
- [F2]Represents convertible note in aggregate principal of $1,955,933.91 and accruing interest at 4.0% per annum issued in exchange for a promissory note held by reporting person for the same amount (principal and interest). The note is convertible into common stock and may be converted on demand by the holder, subject to certain beneficial ownership limitations.
- [F3]Represents an option issued to a third-party to purchase up to 5% of the outstanding principal and interest of the 4% convertible note held by reporting person at an aggregate price of $10.00.
- [F4]The amount of shares of common stock underlying the option is equal to 5% of the outstanding principal and interest on the date of the notice of exercise by the option holder.
- [F5]Represents the cancellation of the option to purchase the 4% convertible note held by a third-party and as described in Footnotes (3) and (4) above. The amount of the note and shares issuable pursuant to conversion thereunder are based on the principal amount on the date of issuance of the note.
Documents
Issuer
Truli Media Group, Inc.
CIK 0001462223
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001462223
Filing Metadata
- Form type
- 4
- Filed
- Jun 28, 8:00 PM ET
- Accepted
- Jun 29, 10:24 AM ET
- Size
- 12.6 KB