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4//SEC Filing

Marathon Patent Group, Inc. 4

Accession 0001144204-13-033963

$MARACIK 0001507605operating
View on SEC.govCompany Profile

Filed

Jun 6, 8:00 PM ET

Accepted

Jun 7, 8:15 PM ET

Size

16.5 KB

Accession

0001144204-13-033963

Insider Transaction Report

Form 4
Period: 2013-05-31
Marathon Patent Group, Inc.MARA
SPANGENBERG ERICH
10% Owner
Transactions
  • Purchase

    Common Stock, $0.0001 par value per share

    2013-05-31$0.40/sh+625,000$250,000→ 625,000 total(indirect: By LLC)
  • Purchase

    Warrant to Purchase Common Stock

    2013-05-31+312,500→ 312,500 total(indirect: By LLC)
    Exercise: $0.50From: 2013-05-31Exp: 2016-05-31→ Common Stock (312,500 underlying)
Holdings

  • Common Stock, $0.0001 par value per share

    (indirect: By LLC)
    6,000,000

  • Common Stock, $0.0001 par value per share

    2,000,000
TechDev Holdings, LLC
10% Owner
Transactions
  • Purchase

    Common Stock, $0.0001 par value per share

    2013-05-31$0.40/sh+625,000$250,000→ 625,000 total(indirect: By LLC)
  • Purchase

    Warrant to Purchase Common Stock

    2013-05-31+312,500→ 312,500 total(indirect: By LLC)
    Exercise: $0.50From: 2013-05-31Exp: 2016-05-31→ Common Stock (312,500 underlying)
Holdings

  • Common Stock, $0.0001 par value per share

    2,000,000

  • Common Stock, $0.0001 par value per share

    (indirect: By LLC)
    6,000,000
Spangenberg Audrey
10% Owner
Transactions
  • Purchase

    Warrant to Purchase Common Stock

    2013-05-31+312,500→ 312,500 total(indirect: By LLC)
    Exercise: $0.50From: 2013-05-31Exp: 2016-05-31→ Common Stock (312,500 underlying)
  • Purchase

    Common Stock, $0.0001 par value per share

    2013-05-31$0.40/sh+625,000$250,000→ 625,000 total(indirect: By LLC)
Holdings

  • Common Stock, $0.0001 par value per share

    (indirect: By LLC)
    6,000,000

  • Common Stock, $0.0001 par value per share

    2,000,000
Acclaim Financial Group, LLC
10% Owner
Transactions
  • Purchase

    Common Stock, $0.0001 par value per share

    2013-05-31$0.40/sh+625,000$250,000→ 625,000 total(indirect: By LLC)
  • Purchase

    Warrant to Purchase Common Stock

    2013-05-31+312,500→ 312,500 total(indirect: By LLC)
    Exercise: $0.50From: 2013-05-31Exp: 2016-05-31→ Common Stock (312,500 underlying)
Holdings

  • Common Stock, $0.0001 par value per share

    2,000,000

  • Common Stock, $0.0001 par value per share

    (indirect: By LLC)
    6,000,000
Footnotes (5)
  • [F1]The shares of common stock and warrants were purchased by IPNav Capital, LLC ("IPNav Capital") in the Issuer's private placement for $250,000.
  • [F2]Represents shares held directly by IPNav Capital. IP Navigation Group, LLC is the sole member of IPNav Capital. Erich Spangenberg is the managing member and owner of 90% of the membership interests in IP Navigation Group, LLC. Accordingly, Erich Spangenberg may be deemed to beneficially own all of the shares that are owned by IPNav Capital. Mr. Spangenberg disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission that Mr. Spangenberg is the beneficial owner of these securities for the purpose of Section 16 or for any other purpose.
  • [F3]Represents shares held directly by TechDev Holdings, LLC (f/k/a Plutus IP, LLC) ("TechDev") as reported on the Form 3 filed by the reporting persons on May 2, 2013. Acclaim Financial Group, LLC ("AFG") is the sole member of TechDev. Accordingly, AFG may be deemed to beneficially own all of the shares that are owned by TechDev. Audrey Spangenberg is the sole managing member of AFG, and accordingly may be deemed to beneficially own all of the shares that are owned by TechDev. Ms. Spangenberg disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, (continue in footnote 4)
  • [F4](continue from footnote 3) and the inclusion of these shares in this report shall not be deemed an admission that Ms. Spangenberg is the beneficial owner of these securities for the purpose of Section 16 or for any other purpose. Erich Spangenberg, the spouse of Audrey Spangenberg, may be deemed to beneficially own all of the shares that are owned by Audrey Spangenberg. Mr. Spangenberg disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission that Mr. Spangenberg is the beneficial owner of these securities for the purpose of Section 16 or for any other purpose.
  • [F5]Represents shares held directly by Erich Spangenberg as reported on the Form 3 filed by the reporting persons on May 2, 2013. Audrey Spangenberg, the spouse of Erich Spangenberg, may be deemed to beneficially own all of the shares that are owned by Erich Spangenberg. Ms. Spangenberg disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission that Ms. Spangenberg is the beneficial owner of these securities for the purpose of Section 16 or for any other purpose.

Documents

1 file

Issuer

Marathon Patent Group, Inc.

CIK 0001507605

→
Entity typeoperating
IncorporatedNV

Related Parties

1
  • filerCIK 0001507605

Filing Metadata

Form type
4
Filed
Jun 6, 8:00 PM ET
Accepted
Jun 7, 8:15 PM ET
Size
16.5 KB
View on SEC.gov