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4//SEC Filing

Sunyich Steven 4

Accession 0001504272-11-000003

CIK 0001302849other

Filed

Jan 10, 7:00 PM ET

Accepted

Jan 11, 7:29 PM ET

Size

10.1 KB

Accession

0001504272-11-000003

Insider Transaction Report

Form 4
Period: 2011-01-07
Sunyich Steven
DirectorCEO, Chairman of the Board10% Owner
Transactions
  • Other

    Common Stock

    2011-01-07150,000163,124 total
Holdings
  • Common Stock

    (indirect: By Trust)
    1,640,725
  • Common Stock

    (indirect: By Trust)
    771,182
  • Common Stock

    (indirect: By Trust)
    6,000,000
  • Series A Preferred Stock

    (indirect: By Trust)
    Exercise: $0.00Common Stock (10,000,000 underlying)
    10,000,000
Footnotes (6)
  • [F1]Reporting Person transferred ownership of 75,000 shares to Issuer insiders Kent Brown and Ben Larsen on January 7, 2011 without consideration. The remaining 75,000 shares were transferred (also without consideration) to various non-insider employees of the Issuer.
  • [F2]The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
  • [F3]Issuable upon conversion of 1,000,000 shares of Series A Preferred Stock held by the Kelly Family Trust.
  • [F4]All share amounts reflect a 200:1 reverse stock split effective January 6, 2011.
  • [F5]Conversion at any time at the option of holder.
  • [F6]No expiration date.

Issuer

Ideal Financial Solutions Inc

CIK 0001302849

Entity typeother

Related Parties

1
  • filerCIK 0001504504

Filing Metadata

Form type
4
Filed
Jan 10, 7:00 PM ET
Accepted
Jan 11, 7:29 PM ET
Size
10.1 KB