Bhatnagar Anshu 4/A

Accession 0001493152-19-000506

CIK 0001430523other

View on SEC.gov Company Profile

Filed

Jan 10, 7:00 PM ET

Accepted

Jan 11, 5:26 PM ET

Size

50.3 KB

Accession

0001493152-19-000506

Insider Transaction Report

Form 4/AAmended

Period: 2017-01-02

VERUS INTERNATIONAL, INC.VRUS

Bhatnagar Anshu

DirectorChief Executive Officer

Transactions

Other
Warrants
2017-01-02+11,581,467→ 11,581,467 total
Exercise: $0.01From: 2017-01-10Exp: 2019-01-10→ Common Stock (11,581,467 underlying)
Other
Warrants
2017-06-30+7,500,000→ 7,500,000 total
Exercise: $0.01From: 2017-06-30Exp: 2019-06-30→ Common Stock (7,500,000 underlying)
Other
Warrants
2018-03-31+7,500,000→ 7,500,000 total
Exercise: $0.01From: 2018-03-31Exp: 2020-03-31→ Common Stock (7,500,000 underlying)
Other
Warrants
2018-12-31+7,500,000→ 7,500,000 total
Exercise: $0.00From: 2018-12-31Exp: 2020-12-31→ Common Stock (7,500,000 underlying)
Other
Warrants
2018-12-28−44,970,000→ 0 total
Exercise: $0.00From: 2019-01-01Exp: 2021-01-01→ Common Stock (44,970,000 underlying)
Other
Warrants
2017-12-31+7,500,000→ 7,500,000 total
Exercise: $0.01From: 2017-12-31Exp: 2019-12-31→ Common Stock (7,500,000 underlying)
Other
Warrants
2018-09-30+7,500,000→ 7,500,000 total
Exercise: $0.00From: 2018-09-30Exp: 2020-09-30→ Common Stock (7,500,000 underlying)
Other
Warrants
2018-12-28−11,581,467→ 0 total
Exercise: $0.01From: 2017-01-02→ Common Stock (11,581,467 underlying)
Other
Warrants
2018-12-28−7,500,000→ 0 total
Exercise: $0.01From: 2017-06-30Exp: 2019-06-30→ Common Stock (7,500,000 underlying)
Other
Warrants
2018-12-28−7,500,000→ 0 total
Exercise: $0.02From: 2017-09-30Exp: 2019-09-30→ Common Stock (7,500,000 underlying)
Other
Warrants
2018-12-28−7,500,000→ 0 total
Exercise: $0.01From: 2018-03-31Exp: 2020-03-31→ Common Stock (7,500,000 underlying)
Other
Warrants
2018-12-28−7,500,000→ 0 total
Exercise: $0.01From: 2018-06-30Exp: 2020-06-30→ Common Stock (7,500,000 underlying)
Other
Warrants
2018-12-28−7,500,000→ 0 total
Exercise: $0.00From: 2018-09-30Exp: 2020-09-30→ Common Stock (7,500,000 underlying)
Other
Warrants
2018-01-01+8,505,249→ 8,505,249 total
Exercise: $0.01From: 2018-01-01Exp: 2020-01-01→ Common Stock (8,505,249 underlying)
Other
Warrants
2018-06-30+7,500,000→ 7,500,000 total
Exercise: $0.01From: 2018-06-30Exp: 2020-06-30→ Common Stock (7,500,000 underlying)
Other
Warrants
2018-12-28−8,505,249→ 0 total
Exercise: $0.01From: 2018-01-01Exp: 2020-01-01→ Common Stock (8,505,249 underlying)
Other
Warrants
2018-12-28−7,500,000→ 0 total
Exercise: $0.01From: 2017-12-31Exp: 2019-12-31→ Common Stock (7,500,000 underlying)
Other
Warrants
2018-12-28−7,500,000→ 0 total
Exercise: $0.00From: 2018-12-31Exp: 2020-12-31→ Common Stock (7,500,000 underlying)
Other
Warrants
2019-01-01+44,970,000→ 44,970,000 total
Exercise: $0.00From: 2019-01-01Exp: 2021-01-01→ Common Stock (44,970,000 underlying)
Other
Warrants
2017-09-30+7,500,000→ 7,500,000 total
Exercise: $0.02From: 2017-09-30Exp: 2019-09-30→ Common Stock (7,500,000 underlying)
Other
Series C Convertible Preferred Stock
2018-12-28+295,801→ 395,801 total
From: 2018-12-28→ Common Stock (29,580,100 underlying)

Footnotes (6)

[F1]On January 12, 2017, the Reporting Person filed a Form 4 (the "Original Form 4") pursuant to which he indicated that on January 10, 2017, he exercised warrants (the "Original Warrants") to purchase 11,581,467 shares of common stock for $0.006 per share. In addition, the Reporting Person reported that he exercised the Original Warrants on a cashless basis (resulting in the withholding of 2,331,838 shares of common stock underlying the Original Warrants) resulting in the issuance of 9,249,629 shares of common stock upon the exercise thereof. At the time the Reporting Person filed the Original Form 4, the Company did not have sufficient authorized shares of common stock to issue the Reporting Person 9,249,629 shares of common stock upon the cashless exercise of the Original Warrant. Accordingly, the Original Form 4 erroneously reported that the Original Warrant was exercised.
[F2]Issued to the Reporting Person pursuant to the employment agreement between the Issuer and Reporting Person dated January 31, 2017.
[F3]The Reporting Person exchanged, among other things, the warrants for an aggregate of 295,801 shares of Series C Convertible Preferred Stock.
[F4]The warrants have no expiration date.
[F5]Each share of Series C Convertible Preferred Stock is convertible into such number of shares equal to the Stated Value divided by the Conversion Price. "Stated Value" initially means $5.00 per share and "Conversion Price" initially means $0.05 per share.
[F6]The Series C Convertible Preferred Stock have no expiration date.

Documents

1 file

4
ownership.xml

Issuer

VERUS INTERNATIONAL, INC.

CIK 0001430523

→

Entity typeother

Related Parties

filerCIK 0001693901

Filing Metadata

Form type: 4/A
Filed: Jan 10, 7:00 PM ET
Accepted: Jan 11, 5:26 PM ET
Size: 50.3 KB

View on SEC.gov