4//SEC Filing
NEXEON MEDSYSTEMS INC 4
Accession 0001076542-17-000011
CIK 0001416172operating
Filed
Jan 8, 7:00 PM ET
Accepted
Jan 9, 12:48 PM ET
Size
9.6 KB
Accession
0001076542-17-000011
Insider Transaction Report
Form 4
Rosellini William
DirectorCHIEF EXECUTIVE OFFICER10% Owner
Transactions
- Other
Common Stock
2016-09-15$0.50/sh−39,000$19,500→ 12,543,807 total(indirect: By LLC) - Other
Common Stock
2016-09-15$1.00/sh−158,500$158,500→ 12,582,807 total(indirect: By LLC) - Other
Common Stock
2016-12-15+2,979,000→ 2,979,000 total
Footnotes (4)
- [F1]Rosellini Scientific LLC ("RS") is wholly-owned by William Rosellini. Mr. Rosellini has the power to vote and dispose of shares held by RS.
- [F2]Rosellini Scientific transferred 158,500 shares of the Company's common stock upon conversion of a $150,000 loan pursuant to a Debt Conversion Agreement dated September 15, 2016.
- [F3]Rosellini Scientific transferred 39,000 shares of the Company's common stock upon conversion of a $19,470 debt pursuant to a Conversion Agreement dated September 15, 2016.
- [F4]Pursuant to the terms of a License Agreement, Mr. Rosellini sold, assigned and transferred any and all of his right, title and interest in and to the License owned by him related to the certain patents to the Company pursuant to the Patent License Asset Purchase Agreement (the "Purchase Agreement") filed as Exhibit 10.1 to the Company's Form 8-K Current Report filed with the SEC on December 20, 2016. As consideration for the transfer of the patents and the License related thereto, the Company paid to Mr. Rosellini the sum of $3,119,000 in the form of $140,000 in cash and 2,979,000 shares of the Company's restricted Common Stock. These shares shall be restricted from transfer by Mr. Rosellini for a period of six months, as required by SEC Rule 16(b)-3.
Documents
Issuer
NEXEON MEDSYSTEMS INC
CIK 0001416172
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001416172
Filing Metadata
- Form type
- 4
- Filed
- Jan 8, 7:00 PM ET
- Accepted
- Jan 9, 12:48 PM ET
- Size
- 9.6 KB