|
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 |
|
| ||||||||||||||||||||||||||||||||||||||
|
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) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Convertible Promissory Note | (1) | 09/21/2016 | J(1) | V | 49,904,143 | 09/21/2016 | (1) | Common Stock | 49,904,143 (1) | $ 0.007 (1) | 49,904,143 | D | |||
Convertible Promissory Note | (2) | 09/21/2016 | J(2) | V | 19,229,143 | 09/21/2016 | (2) | Common Stock | 19,229,143 (2) | $ 0.007 (2) | 19,229,143 | I | By Spouse |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MALONE STEVEN 1313 SOUTH KILLIAN DRIVE LAKE PARK, FL 33403 |
X | Chief Executive Officer |
Steven Malone | 12/30/2016 | |
**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) | This convertible note payable is in the amount of $349,329 and covers a portion of the previously accrued base salary due to the Company's president and chief executive officer. The holder has the right to convert/exchange this note into/for shares of common stock on the basis of a value of per share equal to $0.007. There is no expiration date. This transaction has been previously disclosed on the Company's Form 10-Q on November 21, 2016, Footnote 8 - Notes Payable and Notes Payable - Related Parties. |
(2) | This convertible note payable is in the amount of $134,604 and covers a portion of the previously accrued base salary due to the Company's controller. The holder has the right to convert/exchange this note into/for shares of common stock on the basis of a value of per share equal to $0.007. There is no expiration date. This transaction has been previously disclosed on the Company's Form 10-Q on November 21, 2016, Footnote 8 - Notes Payable and Notes Payable - Related Parties. |