SEC Form 4 · accession 0001571049-15-010358
InsPro Technologies Corp · ITCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Oakes
Director
Period of report
Dec 18, 2015
Accepted (ET)
Dec 28, 2015 · 3:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001309442
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 shareF1 | Dec 18, 2015 | S | 397,086 | $0.05 | D | 10,560,146 | D | |
| Common Stock, par value $0.001 per shareF1 | holding | — | — | — | 10,957,232 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes 1,500,000 shares underlying options and 33,333 shares underlying warrants. Includes 3,000,000 shares underlying a warrant to purchase 150,000 shares of Series A Convertible Preferred Stock which are convertible, at the option of the holder, into 20 shares of Common Stock. Includes 25,000 shares underlying 1,250 shares of Series A Convertible Preferred Stock, which are convertible, at the sole option of the holder, into 20 shares of Common Stock. Includes 6,000,000 shares underlying a warrant to purchase 300,000 shares of Series B Convertible Preferred Stock which are convertible, at the sole option of the holder, into 20 shares of Common Stock.