SEC Form 4 · accession 0001144204-15-015583
WALKER INNOVATION INC. · WLKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Feb 13, 2014
Accepted (ET)
Mar 12, 2015 · 12:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001294649
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Feb 13, 2014 | S | 5,000,000 | $3.00 | D | 2,667,667 | D | |
| Common Stock | Feb 13, 2014 | S | 5,000,000 | $3.00 | D | 2,667,667 | I | JSW Investments, LLC |
| Common Stock | Feb 13, 2014 | S | 5,000,000 | $3.00 | D | 2,667,667 | I | Jay S. Walker |
| Common StockF2 | Apr 4, 2014 | J | 309,167 | $3.00 | D | 2,358,500 | D | |
| Common Stock | Apr 4, 2014 | J | 309,167 | $3.00 | D | 2,358,500 | I | JSW Investments, LLC |
| Common Stock | Apr 4, 2014 | J | 309,167 | $3.00 | D | 2,358,500 | I | Jay S. Walker |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B Convertible Preferred StockF2,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 14,999,000 | 14,999,000 | D |
| Series B Convertible Preferred StockF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 14,999,000 | 14,999,000 | I |
| Series B Convertible Preferred StockF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 14,999,000 | 14,999,000 | I |
Explanation of responses
- F1On February 11, 2014, we announced that Patent Properties entered into a Registration Rights Agreement dated as of February 10, 2014 in connection with the sale by Walker Digital. LLC of an aggregate of 5 million shares of common stock at $3.00 per share to a group of accredited investors.
- F2By Walker Digital, LLC.
- F3On April 4, 2014, Walker Digital transferred 309,167 shares of the Issuer's outstanding shares of Common Stock to Mr. Gary Greene in a private transaction in connection with the settlement of certain employment related matters. No cash consideration was received or paid in such transfer.
- F4Each share of Series B Convertible Preferred Stock is convertible, at the option of the reporting person, at any time and from time to time, into one (1) share of Issuer's common stock.