SEC Form 4 · accession 0001441557-15-000020
PSM HOLDINGS INC · PSMH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
LB Merchant PSMH-2, LLC
10% Owner
Period of report
May 25, 2015
Accepted (ET)
May 27, 2015 · 1:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001362180
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 25, 2015 | M | 5,479 | — | A | 5,479 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF4,F1 | — | May 25, 2015 | X | 12,000 | D | Feb 10, 2014 | Nov 12, 2019 | Common Stock | 12,000 | 0 | D |
| Preferred Series CF2,F3 | — | holding | — | — | — | Apr 1, 2014 | — | Common Stock | 45,000,000 | 45,000,000 | D |
Explanation of responses
- F1Cashless exercise of Warrants
- F2The 3,700 shares of Series C Convertible Preferred Stock are convertible at a rate of 10,000 common shares of Common Stock for each share of preferred stock converted, at the times and under the circumstances described in the Certificate of Designations, Preferences, and Rights for the Series C Convertible Preferred Stock. The Series C Convertible Preferred Stock has no expiration date.
- F3No expiration date.
- F4Of which 6,521 warrants were cancelled in connection with the cashless exercise.