4//SEC Filing
SPHERIX INC 4
Accession 0001415889-13-001118
$DOMHCIK 0000012239operating
Filed
Jun 6, 8:00 PM ET
Accepted
Jun 7, 5:07 PM ET
Size
5.8 KB
Accession
0001415889-13-001118
Insider Transaction Report
Form 4
SPHERIX INCSPEX
Kesner Harvey J
Director
Transactions
- Sale
Common Stock
2013-05-31−110,000→ 29,795 total(indirect: See Explanatory Note)
Footnotes (2)
- [F1]The purchase price is equal to the fair market value of the shares of common stock on May 31, 2013 as determined pursuant to a written valuation report prepared by an independent financial advisory firm. An initial payment of $50,000 was made pending receipt of the final valuation report.
- [F2]Includes (i) 9,391 shares of common stock, (ii) warrants to purchase 9,391 shares of common stock exercisable within 60 days and (iii) 10,000 shares of restricted common stock held by Paradox Capital Partners LLC ("Paradox"). Includes options to purchase 1,013 shares of common stock exercisable within 60 days held by Mr. Kesner. Excludes 110,000 shares of restricted common stock held by U.S. Commonwealth Life A.I. ("USL") of which The Four Camps 2013 Trust is beneficiary. Mr. Kesner is the sole manager and member of Paradox and in such capacity has voting and dispositive power over shares held by Paradox. Mr. Kesner exercises no investment or voting power and disclaims beneficial ownership of the shares held by USL.
Documents
Issuer
SPHERIX INC
CIK 0000012239
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000012239
Filing Metadata
- Form type
- 4
- Filed
- Jun 6, 8:00 PM ET
- Accepted
- Jun 7, 5:07 PM ET
- Size
- 5.8 KB