Global Future City Holding Inc. 4
4 · Global Future City Holding Inc. · Filed Apr 21, 2015
Insider Transaction Report
Form 4
Dunn Michael R
DirectorCEO10% Owner
Transactions
- Disposition to Issuer
Common Stock
2015-04-17−9,823,323→ 2,253,064 total
Footnotes (2)
- [F1]The issuer closed on the terms of a stock purchase agreement (the "SPA") with Sky Rover Holdings, Ltd. ("Sky Rover") that was previously disclosed in the issuer's Form 8-K filed with the SEC on April 20, 2015. In order for the issuer to meet its closing conditions pursuant to the SPA, the reporting person relinquished/rescinded 9,823,323 shares of the issuer's common stock for no compensation. The relinquished/rescinded shares were returned to the issuer's treasury in order to deliver Sky Rover 30,400,000 shares at closing.
- [F2]Prior to this transaction, the reporting person had a total of 12,076,387 shares of common stock. After the reporting person's relinquishment/rescission of 9,823,323 shares, the reporting person now has 2,253,064 shares of common stock.