Snap Interactive, Inc 4
4 · Snap Interactive, Inc · Filed Oct 12, 2016
Insider Transaction Report
Form 4
Silberstein John
Director
Transactions
- Award
Common Stock
2016-10-07+4,979,367→ 4,979,367 total - Award
Common Stock
2016-10-07+1,483→ 1,483 total(indirect: See footnote)
Footnotes (3)
- [F1]Received in exchange for 33,576.31 shares of the common stock of A.V.M. Software, Inc. ("AVM") pursuant to that certain Agreement and Plan of Merger dated as of September 13, 2016 by and among Snap Interactive, Inc. (the "Issuer"), SAVM Acquisition Corporation (a wholly-owned subsidiary of the Issuer), AVM, and Jason Katz as the representative of AVM (the "Merger Agreement"). Of the 4,979,367 shares issued to the reporting person, 489,770 shares are currently being held in escrow pursuant to the Merger Agreement.
- [F2]Received in exchange for 10 shares of AVM pursuant to the Merger Agreement. Of the 1,483 shares issued to the reporting person, 146 shares are currently being held in escrow pursuant to the Merger Agreement.
- [F3]Represents shares held by the spouse of the reporting person. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 of the Securities Act of 1933, as amended, or for any other purpose.