SEC Form 4 · accession 0001493152-18-013902
RealSource Residential, Inc · GEDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
M1 Advisors LLC
10% Owner
Period of report
Sep 24, 2018
Accepted (ET)
Sep 28, 2018 · 5:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001174891
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Preferred StockF2,F1 | — | Sep 24, 2018 | S | 505,000 | D | — | — | Common Stock | 505,000 | 8,815,414 | D |
Explanation of responses
- F1The Series A Preferred Stock is automatically convertible into shares of Common Stock on a one-for-one basis on the business day immediately following effectiveness of an amendment to the Issuer's articles of incorporation to increase the number of shares of Common Stock that the Issuer is authorized to issue to 100,000,000 shares.
- F2The shares of Series A Preferred Stock were transferred to an affiliate of M1 Advisors LLC in consideration for, and in settlement of, a loan in the principal amount of $270,000.