Nxt-ID, Inc. 4
4 · Nxt-ID, Inc. · Filed Sep 12, 2014
Insider Transaction Report
Form 4
Nxt-ID, Inc.NXTD
Pereira Gino Miguel
DirectorChief Executive Officer10% Owner
Transactions
- Disposition to Issuer
Common Stock
2014-09-10−40,000→ 9,968,922 total - Disposition to Issuer
Common Stock
2014-09-10−60,000→ 10,608,922 total - Disposition to Issuer
Common Stock
2014-09-10−600,000→ 10,008,922 total
Footnotes (3)
- [F1]Pursuant to a Purchase Agreement in a private offering by the Issuer of shares and warrants (the "Offering"), the Issuer's founders who are members of management (the "Founders") agreed to cancel a corresponding number of shares to those shares issued in the Offering and place in escrow a corresponding number of shares to be cancelled for each warrant share issued.
- [F2]The shares of common stock were transferred by Mr. Pereira to certain transferees as a gift.
- [F3]The shares of common stock were transferred to a certain transferee for services rendered.