Cleartronic, Inc. 4
4 · Cleartronic, Inc. · Filed Apr 1, 2015
Insider Transaction Report
Form 4
REID LARRY M
DirectorPresident10% Owner
Transactions
- Other
Common Stock
2015-03-13$0.07/sh−2,005,016,325$130,326,061→ 5,016,325 total - Award
Series 'C' Preferred
2015-03-13$0.33/sh+200,000$66,000→ 277,586 total
Footnotes (1)
- [F1]On March 13, 2015 Mr. Reid entered into a new employment contract with Cleartronic, Inc. Mr. Reid, President of Cleartronic, Inc, in consideration for the Company entering into this agreement agreed to cancel 2,000,000,000 (2B) shares of common stock previously issued to him for conversion of Series 'C" Preferred stock. As an additional consideration for the cancellation of the Common shares, the Company agreed to issue Mr.Reid 200,000 share of Series 'C' Preferred stock.