SEC Form 4 · accession 0001185185-16-005093
QXO, Inc. · QXO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Meller
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Jul 28, 2016
Accepted (ET)
Aug 4, 2016 · 11:11 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001236275
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Series B Preferred Stock, par value $0.001 per share | Jul 28, 2016 | J | 1 | $100.00 | A | 2,006,534 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the Preferred Stock Purchase Agreement entered into by SilverSun Technologies, Inc. and Mr. Mark Meller on July 28, 2016, SilverSun Technologies, Inc. issued Mr. Meller one (1) share of the Company's previously authorized but unissued Series B Preferred Stock in exchange for (i) $100 in cash and (ii) as partial consideration for Mr. Meller's personal guarantee of that certain Note issued by SilverSun Technologies, Inc.in favor of a commercial lender. Each one (1) share of Series B Preferred Stock shall have voting rights equal to (x) 0.019607 multiplied by the total issued and outstanding Common Stock eligible to vote at the time of the respective vote (the ?Numerator?), divided by (y) 0.49, minus (z) the Numerator.