SEC Form 4 · accession 0001445866-16-002196
ACQUIRED SALES CORP · LIFD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerard M. Jacobs
Officer — President, CEO · Director · 10% Owner
Period of report
May 18, 2016
Accepted (ET)
May 23, 2016 · 5:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001391135
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF1,F2 | May 18, 2016 | P | 100,000 | $0.001 | A | 451,623 | I | Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F5,F6,F3,F4 | $0.001 | May 18, 2016 | P | 100,000 | D | — | Nov 4, 2020 | Common Stock(by voting control) | 100,000 | 2,861,698 | D |
Explanation of responses
- F1100,000 shares of the Issuer's issued and outstanding common stock are owned by Miss Mimi Corporation, a corporation owned and controlled by Gerard M. Jacobs.
- F2351,623 shares of the Issuer's issued and outstanding common stock are deemed beneficially owned as a result of voting control by Mr. Jacobs.
- F3The stock option is fully exercisable.
- F4The stock option was granted to Gerard M. Jacobs on November 4, 2010 in connection with the issuer's acquisition of Cogility Software Corporation and the shares subject to the stock option became exercisable upon closing of the Cogility acquisition on September 29, 2011. On May 18, 2016, Mr. Jacobs assigned the stock option to Miss Mimi Corporation. Miss Mimi Corporation immediately exercised the stock options and paid the issuer $100.
- F5Gerard M. Jacobs has direct interest in options or warrants to purchase 2,576,698 shares of the Issuer's common stock.
- F6Gerard M. Jacobs has indirect interest through voting control in options or warrants to purchase 285,000 shares of the Issuer's common stock.