XcelMobility Inc. 4
4 · XcelMobility Inc. · Filed Aug 14, 2015
Insider Transaction Report
Form 4
Strauss Ronald Edward
Director
Transactions
- Other
Series A Convertible Preferred Stock
2015-08-12+2,500,000→ 2,500,000 total→ Common Stock (2,500,000 underlying)
Footnotes (3)
- [F1]The Series A Convertible Preferred Stock is convertible, at any time, into shares of the Issuer's Common Stock at the rate of one share of Common Stock for one share of Series A Preferred Stock.
- [F2]The shares were issued to the reporting person as compensation for services rendered by the reporting person to the Issuer.
- [F3]The Series A Convertible Preferred Stock has no expiration date.