SEC Form 3 · accession 0001493152-18-009000
GENESIS FINANCIAL INC · GFNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Murray George Smith
Officer — Chief Financial Officer
Period of report
Jun 13, 2018
Accepted (ET)
Jun 20, 2018 · 10:19 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001183082
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.001 per share | holding | — | — | — | 800,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Purchase Warrant (right to buy)F2,F1 | — | holding | — | — | — | — | Feb 12, 2023 | Common Stock | 848,442 | — | I |
Explanation of responses
- F1The warrants are currently exercisable through February 12, 2023 at a per share exercise price of $3.00.
- F2The reporting person is the Chief Financial Officer and holder of approximately 4.6% of the currently outstanding share capital of Whitestone Investment Network, Inc. ("Whitestone"), which is the record holder and owner of the reported securities. The reporting person disclaims beneficial ownership of the securities owned by Whitestone, except to the extent of his pecuniary interest in Whitestone. The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.