SEC Form 4 · accession 0001137171-18-000001
QUOTEMEDIA INC · QMCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Series A Preferred Stock (4) | Dec 28, 2017 | A | 106,300 | $25.00 | A | 106,300 | I | Owned by Bravenet (1) |
| Series A preferred Stock (4) | Dec 28, 2017 | A | 21,385 | $25.00 | A | 21,385 | I | Owned by Harrison (2) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant | $0.10 | Dec 28, 2017 | A | 4,000,000 | A | Dec 28, 2017 | Dec 28, 2037 | Common Stock | 4,000,000 | 4,000,000 | D |
| Warrant | $1.00 | Dec 28, 2017 | A | 1,250 | A | Dec 28, 2017 | Dec 28, 2047 | Series A Preferred Stock (3) | 1,250 | 1,250 | D |
| Warrant | $1.00 | Dec 28, 2017 | A | 382,243 | A | Dec 28, 2017 | Dec 28, 2047 | Series A Preferred Stock (3) | 382,243 | 382,243 | D |
| Warrant (4) | $0.10 | Dec 28, 2017 | A | 2,520,000 | A | Dec 28, 2017 | Dec 28, 2037 | Common Stock | 2,520,000 | 2,520,000 | I |
| Warrant (4) | $0.10 | Dec 28, 2017 | A | 1,480,000 | A | Dec 28, 2017 | Dec 28, 2037 | Common Stock | 1,480,000 | 1,480,000 | I |
Remarks
1. The reporting person is a control person of Bravenet Web Services, Inc. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. 2. The reporting person is a control person of Harrison Avenue Holdings Ltd. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. 3. Series A Redeemable Convertible Preferred Stock, par value $0.001 per share (the "Series A Preferred Stock") 4. Issued as part of a Debt Exchange Agreement 5. Warrants vest and become exercisable according to achieving performance targets detailed in Compensation Agreement or vest and become exercisable immediately prior to a Liquidity Event (as defined in the Company's Certificate of Designation of Series A Redeemable Convertible Preferred Stock). 6. Warrants vest and become exercisable immediately prior to the consummation of a Liquidity Event. Upon the request of the Registered Holder and at the sole discretion of the Company's Board of Directors, the Company's Board of Directors may accelerate the vesting of all or any portion of the shares of Warrant Stock subject to this Warrant.