SEC Form 4 · accession 0001445866-15-000623
FBEC Worldwide Inc. · FBEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert S. Sand
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
May 4, 2015
Accepted (ET)
May 15, 2015 · 9:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001311735
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 1, 2015 | C | 53,406,528 | $0.0169 | A | 53,406,528 | I | Through an entity, S&L Capital, LLC |
| Common StockF1 | May 5, 2015 | A | 150,000,000 | — | A | 203,406,528 | D |
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,F3 | $0.1685 | May 1, 2015 | C | 8,999 | D | — | — | Common Stock | 53,406,528 | 1 | I |
Explanation of responses
- F1There is no acquisition price for the Common Stock shares acquired on 05/05/15 pursuant to Robert Sand's employment agreement.
- F2The holders of the Series A Preferred Stock shall be entitled, at their option, at any time to convert all of any such shares of Series A Preferred Stock into common stock according to the formula prescribed in the Certificate of Designation for the Series A Preferred Stock.
- F3There is no expiration date for the Series A Preferred Stock or the conversion thereof.