GLOBAL EQUITY INTERNATIONAL INC 4/A
4/A · GLOBAL EQUITY INTERNATIONAL INC · Filed Nov 17, 2016
Insider Transaction Report
Form 4/AAmended
SMITH PETER JAMES
DirectorChief Executive Officer10% Owner
Transactions
- Other
Common Stock
2016-11-11−200,000,000→ 79,381,000 total - Other
Common Stock
2016-09-30$0.02/sh+2,720,120$54,402→ 279,381,000 total - Other
Series B Preferred Stock
2016-11-11+20,000,000→ 20,000,000 totalExercise: $0.00From: 2017-11-12→ Common Stock (200,000,000 underlying)
Footnotes (3)
- [F1]On 9/30/16, Mr. Smith converted $54,402.39 of accrued salary into 2,720,120 shares of Common Stock.
- [F2]On November 11, 2016, Mr. Smith exchanged 200,000,000 shares of Common Stock in the Issuer for 20,000,000 shares of the Issuer's Series B Preferred Stock. No cash or other consideration exchanged hands in this exchange transaction. Each share of Series B Preferred Stock has 10 votes on all matters brought before meetings of shareholders, vote alongside holders of Common Stock and not as a separate class. Beginning on 11/12/17, each share of Series B Preferred Stock is convertible into 10 shares of Common Stock.
- [F3]The conversion provision is perpetual.