Truli Media Group, Inc. 4

4 · Truli Media Group, Inc. · Filed Jun 29, 2016

Form 4

Period: 2015-12-16

DirectorChief Executive Officer10% Owner

Transactions

Purchase
Common Stock
2015-12-16$0.90/sh+27,798$25,018→ 892,676 total
Other
Option to Purchase 4% Convertible Note
2015-12-17$10.00/sh−4,889,834$48,898,340→ 0 total
Exercise: $0.02From: 2015-12-17Exp: 2020-12-01→ Common Stock (4,889,834 underlying)
Other
4% Convertible Note
2015-12-16$1955933.91/sh+97,796,695$191,283,872,036,427
Exercise: $0.02From: 2015-12-16Exp: 2020-12-01→ Common Stock (97,796,695 underlying)
Other
4% Convertible Note
2016-01-27$1955933.91/sh+4,889,834$9,564,192,134,871
Exercise: $0.02From: 2015-12-16Exp: 2020-12-01→ Common Stock (4,889,834 underlying)

Footnotes (5)

[F1]Reporting person, Michael Jay Solomon received 27,798 shares of common stock in exchange for payment of past due invoices of $25,000 on behalf of the issuer.
[F2]Represents convertible note in aggregate principal of $1,955,933.91 and accruing interest at 4.0% per annum issued in exchange for a promissory note held by reporting person for the same amount (principal and interest). The note is convertible into common stock and may be converted on demand by the holder, subject to certain beneficial ownership limitations.
[F3]Represents an option issued to a third-party to purchase up to 5% of the outstanding principal and interest of the 4% convertible note held by reporting person at an aggregate price of $10.00.
[F4]The amount of shares of common stock underlying the option is equal to 5% of the outstanding principal and interest on the date of the notice of exercise by the option holder.
[F5]Represents the cancellation of the option to purchase the 4% convertible note held by a third-party and as described in Footnotes (3) and (4) above. The amount of the note and shares issuable pursuant to conversion thereunder are based on the principal amount on the date of issuance of the note.

Documents

1 file