REALBIZ MEDIA GROUP, INC 4
4 · REALBIZ MEDIA GROUP, INC · Filed Jan 30, 2015
Insider Transaction Report
Form 4
FRIEDMAN ADAM MICHAEL
Chief Financial Officer
Transactions
- Other
Next 1 Series D Preferred Stock
2013-03-08+15,000→ 15,000 total→ Common Stock (500,000 underlying)
Footnotes (1)
- [F1]Each share of Next 1 Series D Preferred Stock is convertible at any time into 33.333 shares of common stock of RealBiz Media Group, Inc. (the "Common Stock"). Does not include shares of Next 1 Series C Preferred Stock that Mr. Friedman has the right to receive in lieu of his $4,000 monthly deferred salary. As of the date of this filing, Mr. Friedman is owed $112,000 in deferred compensation and has the right at his option to receive one share of Next 1 Series C Preferred Stock for each $5 of deferred salary that is owed to him. Each share of Series C Preferred Stock is convertible into 50 shares of Common Stock.