usell.com, Inc. 4
4 · usell.com, Inc. · Filed Mar 18, 2014
Insider Transaction Report
Form 4
usell.com, Inc.USEL
Zyman Sergio
DirectorExecutive Chairman
Transactions
- Other
Common Stock, par value $0.0001 per share
2014-03-14−416,666→ 0 total - Other
Common Stock, par value $0.0001 per share
2014-03-14−399,999→ 0 total(indirect: By Sergio Zyman & Co.) - Other
Stock Options (Right to Buy)
2014-03-14−66,666→ 0 totalExercise: $0.20From: 2012-07-18Exp: 2017-07-18→ Common Stock (66,666 underlying)
Footnotes (3)
- [F1]Pursuant to an agreement among the Reporting Person, an entity controlled by him, the Issuer and an individual purchaser, the Reporting Person and an entity controlled by him sold to such purchaser the common stock in a negotiated transaction. The Reporting Person and an entity controlled by him received an aggregate of $1,750,000 for the common stock. The Reporting Person also forfeited the stock options in connection with such agreement and such negotiated transaction.
- [F2]The amount reflects a 15-to-1 reverse-stock-split effected by the Issuer on January 21, 2014.
- [F3]The Reporting Person controls Sergio Zyman & Co. Accordingly, the Reporting Person may be deemed to share beneficial ownership of such securities.