4//SEC Filing
BROFMAN CHARLES S 4
Accession 0001145443-09-002515
CIK 0001106645other
Filed
Oct 7, 8:00 PM ET
Accepted
Oct 8, 8:32 AM ET
Size
13.2 KB
Accession
0001145443-09-002515
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.
Documents
Issuer
DEBT RESOLVE INC
CIK 0001106645
Entity typeother
Related Parties
1- filerCIK 0001178773
Filing Metadata
- Form type
- 4
- Filed
- Oct 7, 8:00 PM ET
- Accepted
- Oct 8, 8:32 AM ET
- Size
- 13.2 KB