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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN 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. | |||
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. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Series E Convertible Preferred Stock | (1) | 09/08/2014 | C | 100 | (1) | (1) | Common Stock | 571,428 (1) | (1) | 0 | D (2) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Cantrell Steve Allen 4400 BISCAYNE BLVD MIAMI,, FL 33137 |
X | Vice President |
/s/ Steve Cantrell | 09/15/2014 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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) | Each share of Series E Convertible Preferred Stock held by the reporting person was automatically convertible for no additional consideration into 5,714.28 post-split shares (for a total of 571,428 post-split shares) of the issuer's common stock at such time as the issuer obtained sufficient authorized capital by means of a 1 to 50 reverse stock split and had no expiration date. The issuer effected the 1 to 50 reverse stock split on September 8, 2014 and the shares were automatically converted into shares of common stock at that time. The share numbers reported reflect the 1 to 50 reverse stock split. In pre-split share numbers, the total number of shares issuable upon conversion would have been 28,571,429. |
(2) | Jointly held with wife. |
Remarks: The reporting person's Form 3, filed on the date hereof, reflects pre-split share numbers. |