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4//SEC Filing

PSM HOLDINGS INC 4

Accession 0001441557-15-000022

CIK 0001362180operating
View on SEC.govCompany Profile

Filed

May 26, 8:00 PM ET

Accepted

May 27, 4:57 PM ET

Size

43.4 KB

Accession

0001441557-15-000022

Insider Transaction Report

Form 4
Period: 2015-05-25
PSM HOLDINGS INCpsmh
MARGOLIES MICHAEL
Director
Transactions
  • Exercise/Conversion

    Common Stock

    2015-05-25+28,262→ 28,262 total(indirect: By LLC)
  • Exercise of In-Money

    Warrants

    2015-05-25−1,985,990→ 10,695,630 total
    From: 2014-04-01Exp: 2019-04-01→ Common Stock (1,985,990 underlying)
  • Award

    Warrants

    2015-05-25$0.13/sh+16,000$2,000→ 16,000 total(indirect: By LLC)
    Exercise: $0.13From: 2014-02-10Exp: 2019-11-12→ Common Stock (16,000 underlying)
  • Award

    Warrants

    2015-05-25$0.13/sh+12,000$1,500→ 12,000 total(indirect: By LLC)
    Exercise: $0.13From: 2014-02-10Exp: 2014-02-10→ Common Stock (12,000 underlying)
  • Exercise of In-Money

    Warrants

    2015-05-25−12,000→ 0 total(indirect: By LLC)
    From: 2014-02-10Exp: 2019-11-12→ Common Stock (12,000 underlying)
  • Exercise/Conversion

    Common Stock

    2015-05-25+7,305→ 35,567 total(indirect: By LLC)
  • Exercise/Conversion

    Common Stock

    2015-05-25+5,479→ 5,479 total(indirect: By LLC)
  • Exercise/Conversion

    Common Stock

    2015-05-25+28,261→ 203,261 total
  • Exercise/Conversion

    Common Stock

    2015-05-25+1,226,132→ 1,429,393 total
  • Exercise/Conversion

    Common Stock

    2015-05-25+9,521,739→ 10,951,132 total
  • Exercise of In-Money

    Warrants

    2015-05-25−50,000→ 0 total(indirect: By LLC)
    From: 2014-03-13Exp: 2019-03-13→ Common Stock (50,000 underlying)
  • Exercise of In-Money

    Warrants

    2015-05-25−10,000,000→ 695,630 total
    From: 2014-12-15Exp: 2019-12-15→ Common Stock (10,000,000 underlying)
  • Exercise of In-Money

    Warrants

    2015-05-25−50,000→ 12,681,620 total
    From: 2014-02-13Exp: 2019-02-13→ Common Stock (50,000 underlying)
  • Exercise of In-Money

    Warrants

    2015-05-25−16,000→ 0 total(indirect: By LLC)
    From: 2014-02-10Exp: 2019-11-12→ Common Stock (16,000 underlying)
Holdings

  • Preferred Series A

    (indirect: By LLC)
    Exercise: $0.12From: 2013-02-04→ Common Stock (30,833,333 underlying)
    30,833,333

  • Warrants

    Exercise: $0.44From: 2013-02-05Exp: 2018-02-05→ Common Stock (695,630 underlying)
    695,630

  • Common Stock

    (indirect: By Trust)
    10,000

  • Common Stock

    (indirect: By LLC)
    39,741

  • Preferred Series E

    (indirect: By LLC)
    Exercise: $0.01From: 2014-11-24→ Common Stock (61,250,000 underlying)
    61,250,000

  • Common Stock

    175,000

  • Preferred Series E

    (indirect: By LLC)
    Exercise: $0.01From: 2014-12-15→ Common Stock (21,000,000 underlying)
    82,250,000

  • Preferred Series C

    (indirect: By LLC)
    Exercise: $0.04From: 2014-04-01→ Common Stock (45,000,000 underlying)
    45,000,000
Footnotes (20)
  • [F1]Shares held by LB Consulting, LLC of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
  • [F10]Of which 759,858 warrants were cancelled in connection with the cashless exercise
  • [F11]Warrants held by LB Merchant PSMH-1, LLC, of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
  • [F12]The 612.5 shares of Series E Convertible Preferred Stock are convertible at a rate of 100,000 shares of Common Stock for each share of preferred stock converted.
  • [F13]Preferred Shares held by LB Merchant PSMH-3, LLC, of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
  • [F14]The 210 shares of Series E Convertible Preferred Stock are convertible at a rate of 100,000 shares of Common Stock for each share of preferred stock converte
  • [F15]Of which 478,261 warrants were cancelled in connection with the cashless exercise.
  • [F16]Of which 8,695 warrants were cancelled in connection with the cashless exercise.
  • [F17]Warrants held by LB Merchant PSMH-2, LLC, of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
  • [F18]Of which 6,521 warrants were cancelled in connection with the cashless exercise.
  • [F19]Shares held by LB Merchant PSMH-1, LLC, of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
  • [F2]The 3,700 shares of Series A Convertible Preferred Stock are convertible at a rate of .01 shares of Common Stock for each share of preferred stock converted. On November 24, 2014 and pursuant to the provisions of the Certificate of Designation for the Series A Preferred Stock regarding adjustments in conversion price, because the Company issued and sold additional shares at a price less than the current $0.12 conversion price of the Series A Preferred Stock the conversion price was adjusted to $0.10 per share. After this adjustment to the conversion price of the Series A Preferred Stock.
  • [F20]Shares held by LB Merchant PSMH-2, LLC, of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
  • [F3]No expiration date.
  • [F4]Preferred shares held by LB Merchant PSMH-1, LLC, of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
  • [F5]The 1,800 shares of Series C Convertible Preferred Stock are convertible at a rate of 25,000 shares of Common Stock for each share of preferred stock converted. On November 24, 2014 and pursuant to the provisions of the Certificate of Designation for the Series C Preferred Stock regarding adjustments in conversion price, because the Company issued and sold additional shares at a price less than the current $0.08 conversion price of the Series C Preferred Stock, the conversion price was adjusted to $0.04 per share
  • [F6]Preferred shares held by LB Merchant PSMH-2, LLC, of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
  • [F7]Of which 21,739 warrants were cancelled in connection with the cashless exercise.
  • [F8]Cashless exercise of warrants.
  • [F9]Of which 21,738 warrants were cancelled in connection with the cashless exercise.

Documents

1 file

Issuer

PSM HOLDINGS INC

CIK 0001362180

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0001362180

Filing Metadata

Form type
4
Filed
May 26, 8:00 PM ET
Accepted
May 27, 4:57 PM ET
Size
43.4 KB
View on SEC.gov