4//SEC Filing
Oberle David 4
Accession 0001397081-09-000019
CIK 0001397081other
Filed
Jun 29, 8:00 PM ET
Accepted
Jun 30, 2:09 PM ET
Size
6.2 KB
Accession
0001397081-09-000019
Insider Transaction Report
Form 4
Oberle David
Other
Transactions
- Other
Common Stock, $0.0001 par value per share
2009-06-30−750,000→ 0 total
Footnotes (1)
- [F1]On the transaction date, the Reporting Person submitted his voluntary resignation to the Issuer's Chief Executive Officer. The reasons for the Reporting Person's resignation were (i) that he was occupied by his other unrelated personal business ventures, (ii) that he was incapable of dedicating his time required by the Issuer to fulfill his duties, and (iii) that he was uncertain as to his desire to incur substantial pecuniary obligations related to the Issuer's ongoing development. Consequently, as the Issuer issued its shares to the Reporting Person as compensation for his services to it, the Issuer and the Reporting Person agreed the Issuer would cancel and rescind the issuance of said 750,000.0000 shares of the Issuer's stock to becomne effective as of the transaction date and reported on this Form 4.
Documents
Issuer
Residential Income Properties, Inc.
CIK 0001397081
Entity typeother
Related Parties
1- filerCIK 0001462603
Filing Metadata
- Form type
- 4
- Filed
- Jun 29, 8:00 PM ET
- Accepted
- Jun 30, 2:09 PM ET
- Size
- 6.2 KB