SEC Form 4 · accession 0001019687-16-007152
Global Future City Holding Inc. · FTCY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R Dunn
Officer — CFO, COO, Sec., Treas., Dir. · Director · 10% Owner
Period of report
Aug 5, 2016
Accepted (ET)
Aug 10, 2016 · 5:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001164964
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 5, 2016 | J | 67,000 | — | D | 11,366,111 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 5, 2016, the Reporting Person entered into an agreement with a third party, effective as of August 1, 2016, to purchase an interest in the third party's marketing Software Suite (the "Agreement"). Under the terms of the Agreement, the Reporting Person sold a total of 650,000 shares of the Registrant's common stock, but is only obligated to transfer 67,000 shares as of the filing date of this Form 4. The Reporting Person is obligated to transfer the remaining balance of 583,000 shares of the Registrant's common stock on February 1, 2017. The Reporting Person will file a subsequent Form 4 to disclose the transfer of the remaining balance of shares when due.