JPX Global Inc. 4
4 · JPX Global Inc. · Filed Jun 23, 2017
Insider Transaction Report
Form 4
JPX Global Inc.JPEX
Hovendick Mitch
Other
Transactions
- Award
Common Stock
2017-06-20$0.00/sh+37,625,000$94,063→ 75,250,000 total - Award
Series A Preferred
2017-06-20+500→ 1,000 total - Award
Series B Preferred
2017-06-20$0.00/sh+5,000,000$12,500→ 10,000,000 total
Footnotes (3)
- [F1]Represents 100% ownership of all the Series A preferred stock in connection with a Settlement Agreement dated June 20, 2017, wherein Mr. Hovendick was awarded ownership of the Series A preferred stock in lieu of payment of a debt. Each share of Series A preferred stock carries 100,000 votes and holders of our preferred stock are able to vote together with our common stockholders on all matters upon which common stockholders may vote.
- [F2]Represents 100% ownership of all the Series B preferred stock in connection with a Settlement Agreement dated June 20, 2017, wherein Mr. Hovendick was awarded ownership of the Series B preferred stock in lieu of payment of a debt. Each share of Series B preferred stock of the Company is convertible into 10 shares of common stock and is entitled to vote ratably together with our common stockholders on all matters upon which common stockholders may vote.
- [F3]Represents common stock issued to Mr. Hovendick in connection with a Settlement Agreement dated June 20, 2017, wherein Mr. Hovendick was awarded common stock in lieu of payment of a debt.