4//SEC Filing
FUSION TELECOMMUNICATIONS INTERNATIONAL INC 4
Accession 0001354488-14-004697
CIK 0001071411operating
Filed
Sep 17, 8:00 PM ET
Accepted
Sep 18, 4:16 PM ET
Size
21.4 KB
Accession
0001354488-14-004697
Insider Transaction Report
Form 4
Turits Phillip
DirectorSecretary and Treasurer
Transactions
- Sale
Common Stock
2014-09-08−16,311→ 17,194 total(indirect: By son) - Award
Options
2014-09-18+2,800→ 0 total→ Common Stock - Sale
Common Stock
2014-08-28$5.00/sh−4,155$20,775→ 95,828 total - Sale
Common Stock
2014-09-12−11,943→ 21,562 total(indirect: By Daughter) - Sale
Common Stock
2014-07-22$5.00/sh−7,500$37,500→ 0 total - Award
Warrants
2014-09-18+0→ 0 total→ Common Stock
Holdings
- 0
Series A-1 Preferred Stock
Exercise: $82.50From: 2014-09-18Exp: 2014-09-18→ Common Stock (303 underlying) - 0
Series A-2 Preferred Stock
Exercise: $41.50From: 2014-09-18Exp: 2014-09-18→ Common Stock (723 underlying) - 0
Series B-2 Preferred Stock
Exercise: $6.25From: 2014-09-18Exp: 2014-09-18→ Common Stock (1,280 underlying)
Footnotes (7)
- [F1]On May 13, 2014, Fusion completed a 50 for 1 reverse stock split. All numbers reported on this form give effect to that reverse stock split.
- [F2]These shares have been transferred in settlement of a debt. Actual price can?t be determined until they are sold by the creditor.
- [F3]Since September 8, 2014, James Turits has sold a total of 16,311 shares of the Company?s common stock on the following dates and at the following prices: September 8, 2014, 1,000 shares at $4.50 per share; September 10, 2014, 4,000 shares at $4.45 per share and 400 shares at $4.40 per share; September 11, 3,000 shares at $4.65 per share and 2,000 shares at $4.40 per share; September 12, 2014, 2,000 at $4.60 per share and 911 shares at $4.65 per share; September 15, 2014, 1,000 shares at $4.65 per share and 600 shares at $4.70 per share; and on September 16, 2014, 900 shares at $4.65 per share and 500 shares at $4.60 per share.
- [F4]Since September 12, 2014, Isabelle Turits has sold a total of 11,943 shares of the Company?s common stock on the following dates and at the following prices: September 12, 2014, 1,200 shares at $4.70 per share; September 15, 2014, 1,000 shares at $4.50 per share and 743 at $4.75 per share; September 16, 2014, 1,734 shares at $4.6035 per share and 266 shares $4.60 per share; September 17, 2014, 2,506 shares at $4.76 per share, 662 shares at $4.75 per share, 300 shares at $4.77 per share, 276 shares at $4.80 per share, 238 at $4.82 per share and 18 shares at $4.76 per share; and on September 18, 2014, 2,000 shares at $4.70 per share and 1,000 shares at $4.75 per share.
- [F5]Mr. Turits disclaims beneficial ownership of these shares.
- [F6]In connection with the various purchases of the Company?s Preferred Shares, such shares have come with warrants to purchase shares of the Company?s common stock. Mr. Turits currently has the following warrants: warrants to purchase 361 shares at $41.50 per share which expire on November 9, 2014; warrants to purchase 366 shares at $6.85 per share which expire on October 22, 2017; warrants to purchase 111 shares at $10.80 per share which expire on November 16, 2014; warrants to 4,875 shares at $9.60 per share that expire on November 18, 2014; warrants to purchase 666 shares at $7.00 per share that expire on February 3, 2015; warrants to purchase 762 shares at $4.70 per share that expire on July 1, 2018; warrants to purchase 128 shares at $6.25 per share that expire on December 31, 2018; and warrants to purchase 192 shares at $6.25 per share that expire on January 24, 2019.
- [F7]During the past six years, Mr. Turits has received the grant of stock options in connection with his service as a Director to the Company. These option grants were apparently not previously reported on a Form 4 or Form 5. These grants were as follows: March 26, 2008, 400 shares at a strike price of $15.50 per share; March 26, 2009, 400 shares at a strike price of $5.50 per share; April 14, 2010, 500 shares at a strike price of $6.00 per share; October 19, 2011, 500 shares at a strike price of $4.50 per share; October 17, 2012, 500 shares at a strike price of $5.50 per share; and January 15, 2014, 500 shares at a strike price of $7.00 per share. Each of these options were immediately exercisable and expire on the seventh anniversary of their issue date.
Documents
Issuer
FUSION TELECOMMUNICATIONS INTERNATIONAL INC
CIK 0001071411
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001071411
Filing Metadata
- Form type
- 4
- Filed
- Sep 17, 8:00 PM ET
- Accepted
- Sep 18, 4:16 PM ET
- Size
- 21.4 KB