PSM HOLDINGS INC 4

Accession 0001441557-16-000068

CIK 0001362180operating

View on SEC.gov Company Profile

Filed

Apr 7, 8:00 PM ET

Accepted

Apr 8, 5:25 PM ET

Size

25.2 KB

Accession

0001441557-16-000068

Insider Transaction Report

Form 4

Period: 2016-04-06

PSM HOLDINGS INCPSMH

MARGOLIES MICHAEL

Director

Transactions

Purchase
Preferred Series E Stock
2016-04-06$1000.00/sh+512.5$512,500→ 51,250,000 total(indirect: By LLC)
Exercise: $0.01From: 2016-04-06→ Common Stock (51,250,000 underlying)
Award
Warrants
2016-04-06+4,347,000→ 5,042,630 total
Exercise: $0.01From: 2016-04-06Exp: 2021-04-06→ Common Stock (4,347,000 underlying)

Holdings

Common Stock
(indirect: By LLC)
35,567
Common Stock
1,429,393
Preferred Series A Stock
(indirect: By LLC)
Exercise: $0.08From: 2013-02-04→ Common Stock (59,200,000 underlying)
59,200,000
Common Stock
10,951,132
Warrants
Exercise: $0.04From: 2013-02-05Exp: 2018-02-05→ Common Stock (695,630 underlying)
695,630
Common Stock
(indirect: By LLC)
5,479
Preferred Series C Stock
(indirect: By LLC)
Exercise: $0.03From: 2014-04-01→ Common Stock (76,800,000 underlying)
76,800,000
Common Stock
(indirect: By LLC)
39,741
Common Stock
(indirect: By LLC)
28,262
Common Stock
203,261
Preferred Series E Stock
(indirect: By LLC)
Exercise: $0.01From: 2014-12-15→ Common Stock (26,355,420 underlying)
103,225,395
Common Stock
175,000
Common Stock
(indirect: By Trust)
10,000
Preferred Series E Stock
(indirect: By LLC)
Exercise: $0.01From: 2014-11-24→ Common Stock (76,869,975 underlying)
76,869,975

Footnotes (15)

[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]The 512.5 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.
[F11]Preferred Shares held by LB Merchant PSMH-4, 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]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.
[F13]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.
[F14]On April 6, 2016 the Company issued 862.5 Series E Preferred Shares with a conversion price of $0.01 which triggered an adjustment to the conversion price pursuant to the Warrant Agreement.
[F15]Received warrants pursuant to the Stock Purchase Agreement dated 4/6/16 in connection with the Second Series E transaction.
[F2]The 3,700 shares of Series A Convertible Preferred Stock are convertible at a rate of 16,000 shares of Common Stock for each share of preferred stock converted. On April 6, 2016 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 conversion price of the Series A Preferred Stock the conversion price was adjusted to $0.08 per share
[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 42,667 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 conversion price of the Series C Preferred Stock, the conversion price was adjusted to $0.03 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]The 612.5 shares of Series E Convertible Preferred Stock are convertible at a rate of 125,502 shares of Common Stock for each share of preferred stock converted. On April 6, 2016 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 conversion price of the Series C Preferred Stock, the conversion price was adjusted to $0.01 per share.
[F8]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.
[F9]The 210 shares of Series E Convertible Preferred Stock are convertible at a rate of 125,502 shares of Common Stock for each share of preferred stock converted. On April 6, 2016 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 conversion price of the Series C Preferred Stock, the conversion price was adjusted to $0.01 per share.

Documents

1 file

4
primary_doc.xmlPrimary
PRIMARY DOCUMENT

Issuer

PSM HOLDINGS INC

CIK 0001362180

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0001362180

Filing Metadata

Form type: 4
Filed: Apr 7, 8:00 PM ET
Accepted: Apr 8, 5:25 PM ET
Size: 25.2 KB

View on SEC.gov