SEC Form 4 · accession 0001445866-17-001434
Galaxy Gaming, Inc. · GLXZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert B. Saucier
10% Owner
Period of report
Sep 22, 2017
Accepted (ET)
Oct 13, 2017 · 4:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000013156
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Sep 22, 2017 | J | 6,345,805 | — | D | 17,320,862 | I | Foot Note |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective September 22, 2017, Triangulum Partners, LLC ("Triangulum"), entered into 5 Voting and Dispositive Control Transfer Agreements (the "VDCTAs") with 5 individuals (the "Recipients"), pursuant to which Triangulum transferred voting and dispositive control of an aggregate of 6,345,805 shares of common stock of Galaxy Gaming, Inc., held by Triangulum (1,269,161 shares under each VDCTA). Pursuant to the terms of the VDCTAs, upon the expiration of the term of the VDCTAs, all control rights, including all voting and dispositive rights, relating to the shares will revert and return to Triangulum. The VDCTAs and the transaction are described more fully in a Current Report on Form 8-K filed by Galaxy Gaming, Inc., on September 27, 2017.
- F2Triangulum Partners, LLC is the holder of record of the shares of common stock of Galaxy Gaming, Inc. Mr. Saucier is the sole manager and an owner of Triangulum Partners, LLC. Mr. Saucier has voting and dispositive control over the remaining securities held by Triangulum Partners, LLC, following the entry by Triangulum into the VDCTAs.