4//SEC Filing
Meenavalli Venkata 4
Accession 0001493152-18-010574
CIK 0001699683other
Filed
Jul 26, 8:00 PM ET
Accepted
Jul 27, 11:58 AM ET
Size
11.8 KB
Accession
0001493152-18-010574
Insider Transaction Report
Form 4
Longfin CorpLFIN
Meenavalli Venkata
DirectorPresident, CEO and Chairman10% Owner
Transactions
- Purchase
Class A Common Stock
2017-12-20+2,097,970→ 2,097,970 total(indirect: See footnote) - Sale
Class A Common Stock
2018-07-26−754,484→ 105,515 total(indirect: See footnote) - Sale
Class A Common Stock
2018-07-23−1,237,869→ 860,000 total(indirect: See footnote)
Holdings
- 10,000,000
Class A Common Stock
- 30,000,000
Class B Common Stock
- 4,752,000(indirect: See footnote)
Class A Common Stock
Footnotes (5)
- [F1]Shares are owned by Stampede Capital Limited. Previously, , Mr. Meenavalli had the ability to influence the voting and disposition of the Common Stock held or controlled by Stampede. However, on July 25, 2018, the Management of Stampede Capital Limited gave voting and dispositive power over the shares owned by Stampeded to its Executive Director, Mr. Emmanuel Dasi. Mr. Meenavalli by virtue of his ownership of 17.28% of the outstanding interest in Stampede Capital Ltd,, has a pecuniary interest in 4,752,000 Shares of Class A Common stock owned of record by Stampede.
- [F2]On December 20, 2017, Urban Storage And Realty Pte Ltd, formerly known as Meridian Enterprises Pte. Ltd. ("Urban Storage") received 2,150,000 shares of Class A Common Stock in exchange for its interest in the website www. Ziddu.com. By virtue of his then ownership of 97.58% of the outstanding interests in Urban Storage, Mr. Meenavalli had a pecuniary interest in 2,097,970 shares of Class A Common Stock owned of record by Urban Storage.
- [F3]Shares are owned by Urban Storage.
- [F4]On July 23, 2018, Mr. Meenavalli sold an approximately 57.58 % interest in Urban Storage to a third party in exchange for approximately $3,666,106, resulting in his owning an approximately 40% interest in Urban Storage. Therefore, Mr. Meenavalli had a pecuniary interest in approximately 860,000 shares of Class A Common Stock owned of record by Urban Storage.
- [F5]On July 25, 2018, Mr. Meenavalli sold an approximately 35.09 % interest in Urban Storage to a third party in exchange for approximately $2,234,502, resulting in his owning an approximately 4.91% interest in Urban Storage. Therefore, Mr. Meenavalli has now a pecuniary interest in approximately 105,515 shares of Class A Common Stock owned of record by Urban Storage.
Documents
Issuer
Longfin Corp
CIK 0001699683
Entity typeother
Related Parties
1- filerCIK 0001728246
Filing Metadata
- Form type
- 4
- Filed
- Jul 26, 8:00 PM ET
- Accepted
- Jul 27, 11:58 AM ET
- Size
- 11.8 KB