BROFMAN CHARLES S 4
4 · DEBT RESOLVE INC · Filed Oct 8, 2009
Insider Transaction Report
Form 4
DEBT RESOLVE INCDRSV.PK
BROFMAN CHARLES S
Director
Transactions
- Gift
Common Stock
2009-09-25+2,000,000→ 2,000,000 total(indirect: By Susan Brofman) - Other
Common Stock
2009-09-25+1,519,706→ 2,301,182 total - Award
Common Stock
2009-08-07$0.19/sh+500,000$95,000→ 781,476 total - Purchase
Common Stock
2009-09-25$0.15/sh+4,569,706$685,456→ 5,369,706 total(indirect: By Arisean Capital Ltd.) - Gift
Common Stock
2009-09-25−3,050,000→ 2,319,706 total(indirect: By Arisean Capital Ltd.) - Other
Common Stock
2009-09-25−1,519,706→ 800,000 total(indirect: By Arisean Capital Ltd.)
Footnotes (4)
- [F1](1) These shares were granted at a Board meeting held on August 7, 2009 as compensation for Board service for 2008 and 2009.
- [F2](2) On September 25, 2009, Mr. Brofman entered into an agreement pursuant to which Arisean Capital Ltd., a corporation controlled by Mr. Brofman ("Arisean"), converted debt of the Issuer held by it in the amount of $576,000 of principal and $109,456 of accrued interest to common stock of the Issuer at a conversion rate of $0.15 per share, resulting in 4,569,706 shares of common stock being issued to Arisean.
- [F3](3) On September 25, 2009, simultaneously with the conversion described above, 3,050,000 shares of common stock held by Arisean were gifted to 14 parties.
- [F4](4) On September 25, 2009, simultaneously with conversion described above, 1,519,706 shares of common stock held by Arisean were distributed from Arisean to Mr. Brofman in his personal capacity.