usell.com, Inc. 4
4 · usell.com, Inc. · Filed Oct 28, 2013
Insider Transaction Report
Form 4
usell.com, Inc.USEL
Zyman Sergio
DirectorExecutive Chairman
Transactions
- Disposition to Issuer
Common Stock, par value $0.0001 per share
2013-10-01−3,250,000→ 6,250,000 total
Holdings
- 6,000,000(indirect: By Sergio Zyman & Co.)
Common Stock, par value $0.0001 per share
Footnotes (2)
- [F1]These securities are beneficially owned by Sergio Zyman (the "Reporting Person"). The Reporting Person resigned as Chairman of the board of directors and as Chief Executive Officer of usell.com, Inc. (the "Issuer") on October 1, 2013. As a result of the resignation, the Reporting Person forfeited 3,250,000 shares of common stock pursuant to the terms of the agreement under which such shares were awarded. On October 23, 2013 the Reporting Person also resigned from the Issuer's board of directors.
- [F2]The Reporting Person controls Sergio Zyman & Co. Accordingly, the Reporting Person may be deemed to share beneficial ownership of such securities.