Starr Alexander 4
4 · Chess Supersite Corp · Filed Dec 8, 2017
Insider Transaction Report
Form 4
Starr Alexander
DirectorPresident10% Owner
Transactions
- Award
Preferredd Stock
2016-12-06+500,000→ 500,000 totalFrom: 2017-02-04→ Common stock (500,000 underlying) - Award
Common Stock
2017-12-07$0.01/sh+1,000,000$15,000→ 6,474,000 total
Footnotes (4)
- [F1]The shares were issued pursuant to the Issuer's registration statement on Form S-8 effective May 12, 2017. 2,000 shares are held by Chess Supersite Inc. (Canada), of which the Reporting Person is an officer and a director. The amount beneficially held reflects the 1-for-1,000 reverse stock split which was effective on November 1, 2017.
- [F2]As a result of the reverse stock split, one (1) share of common stock is issuable for each one (1) share of preferred upon conversion.
- [F3]There is no expiration date for the exercise of the conversion rights of the preferred stock.
- [F4]The preferred shares were issued in consideration of $13,250 of deferred and unpaid compensation owed by the Issuer to the Reporting Person.