4//SEC Filing
Svorai Dror 4
Accession 0001477932-11-000223
CIK 0001427352other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 8:55 PM ET
Size
6.6 KB
Accession
0001477932-11-000223
Insider Transaction Report
Form 4
InfoSpi, Inc.ISPI
Svorai Dror
DirectorPresident, CEO, CFO, Secretary10% Owner
Transactions
- Purchase
Common stock, par value $0.001
2011-02-14+30,003,000→ 71,418,810 total
Footnotes (2)
- [F1]The 30,003,000 shares were acquired pursuant to a definitive agreement dated February 14, 2011 (the ?Agreement?) among the Issuer, NexPhase Lighting, Inc., a privately held Florida corporation (?NexPhase?)., and the shareholders of NexPhase (the ?NexPhase Shareholders?). In accordance with the terms and provisions of the Agreement: (i) the Issuer acquired from the NexPhase Shareholders an aggregate 60,622,000 shares of common stock of NexPhase representing the total issued and outstanding shares of NexPhase; and (ii) in exchange therefore, the Issuer issued to the NexPhase Shareholders an aggregate 67,500,000 shares of its restricted common stock in proportion to the equity holdings of the NexPhase Shareholders (of which 30,003,000 shares were issued to the Reporting Person).
- [F2]The Reporting Person holds of record 42,503,000 shares of common stock. Upon payment of the full purchase price of $325,000 to Eilay Maman and Oyster Shell Investment LLLP, the 14,400,000 shares held of record by Eilay Maman (representing a 14.9% equity interest) and the 14,515,810 shares held of record by Oyster Shell Investment LLLP (representing a 15.0% equity interest) will be transferred to the Reporting Person no later than March 15, 2011. As of the date of this Form 4, an aggregate amount of $200,000 has been paid to the sellers. Until the purchase price is paid in full by the Reporting Person, the shares of common stock are being held in an escrow account to be released pro-rata to the Reporting Person as the installments are paid to the sellers by the Reporting Person.
Documents
Issuer
InfoSpi, Inc.
CIK 0001427352
Entity typeother
Related Parties
1- filerCIK 0001507132
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 8:55 PM ET
- Size
- 6.6 KB