UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Next 1 Series A Preferred Stock | Â (1)(2) | Â (1) | Common Stock | 7,096,110 (2) | $ (1) | D | Â |
Next 1 Series A Preferred Stock | Â (1)(2) | Â (1) | Common Stock | 1,000,000 (3) | $ (1) | I | See Footnote (3) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
KERBY WILLIAM 2690 WESTON ROAD, SUITE 200 WESTON, FL 33331 |
 X |  |  CEO/Director |  |
/s/ William Kerby | 01/30/2015 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Not Applicable |
(2) | Each share of Next 1 Series A Preferred Stock is convertible at any time into 10 shares of common stock of RealBiz Media Group, Inc. (the "Company"). Mr. Kerby is also the Chief Executive Officer of Next 1 Interactive, Inc., which holds 66,801,653 shares of the Company's Series A Preferred Stock that are convertible into 66,801,653 shares of the Company's common stock (the "Common Stock"). Does not include shares of Next 1 Series C Preferred Stock that Mr. Kerby has the right to receive in lieu of his $4,000 monthly deferred salary. As of the date of this filing, Mr. Kerby is owed $224,000 in deferred compensation and has the right at his option to receive one share of Next 1 Series C Preferred Stock for each $5 of deferred salary that is owed to him. Each share of Series C Preferred stock is convertible into 50 shares of common stock. |
(3) | Mr. Kerby, through a company that he controls, indirectly owns 100,000 shares of Next1 Series A Preferred Stock that are convertible into 1,000,000 shares of Common Stock. |