SEC Form 4 · accession 0001580695-17-000373
Monaker Group, Inc. · MKGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Kerby
Officer — Chief Executive Officer · Director
Period of report
Aug 3, 2017
Accepted (ET)
Aug 14, 2017 · 5:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001372183
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Aug 3, 2017 | J | 1,389,222 | — | A | 1,489,322 | D | |
| Common StockF2,F3 | Aug 3, 2017 | J | 200,000 | — | A | 200,000 | I | Through In-Room Retail Systems, LLC |
| Common StockF1 | Aug 11, 2017 | P | 25,000 | $2.00 | A | 1,514,322 | 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 | — | Aug 3, 2017 | J | 1,389,222 | A | — | — | Common Stock | 1,389,222 | 0 | D |
| Series A Preferred StockF2,F3 | — | Aug 3, 2017 | J | 200,000 | A | — | — | Common Stock | 200,000 | 0 | I |
| Common Stock Purchase WarrantF1 | $2.10 | Aug 11, 2017 | P | 25,000 | A | Aug 11, 2017 | Jul 30, 2022 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1Effective on August 11, 2017, the Reporting Person purchased 25,000 shares of common stock of the Issuer and warrants to acquire 25,000 shares of common stock of the Issuer with an exercise price of $2.10 per share, from the Issuer, for the purchase price of $2.00 per unit (one share and one warrant).
- F2Effective on August 3, 2017, the Reporting Person converted 794,611 shares of the Issuer's Series A 10% Cumulative Convertible Preferred Stock ("Series A Preferred Stock"), on a 2-for-1 basis (as provided by the current terms of the Series A Preferred Stock), into 1,589,222 shares of common stock (including 100,000 shares of Series A Preferred Stock converted by an entity controlled by the Reporting Person).
- F3The Reporting Person owns 100% of In-Room Retail Systems, LLC and is deemed to beneficially own the securities held by such entity.