SEC Form 4 · accession 0001091818-15-000050
Cleartronic, Inc. · CLRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry M Reid
Officer — President · Director · 10% Owner
Period of report
Mar 31, 2015
Accepted (ET)
Apr 1, 2015 · 12:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001362516
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 13, 2015 | J | 2,005,016,325 | $0.065 | D | 5,016,325 | D | |
| Series 'C' PreferredF1 | Mar 13, 2015 | A | 200,000 | $0.33 | A | 277,586 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 13, 2015 Mr. Reid entered into a new employment contract with Cleartronic, Inc. Mr. Reid, President of Cleartronic, Inc, in consideration for the Company entering into this agreement agreed to cancel 2,000,000,000 (2B) shares of common stock previously issued to him for conversion of Series 'C" Preferred stock. As an additional consideration for the cancellation of the Common shares, the Company agreed to issue Mr.Reid 200,000 share of Series 'C' Preferred stock.
Remarks
Cleartronic, Inc filed on the US SEC EDGAR system a FORM 8-K on March 18, 2015 giving details of the employment arrangement with Mr. Reid, herewith as reference.