SEC Form 4 · accession 0001144204-15-005097
VERUS INTERNATIONAL, INC. · VRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adam Michael Friedman
Officer — Chief Financial Officer
Period of report
Mar 8, 2013
Accepted (ET)
Jan 30, 2015 · 5:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001430523
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Next 1 Series D Preferred StockF1 | — | Mar 8, 2013 | J | 15,000 | A | — | — | Common Stock | 500,000 | 15,000 | D |
Explanation of responses
- F1Each share of Next 1 Series D Preferred Stock is convertible at any time into 33.333 shares of common stock of RealBiz Media Group, Inc. (the "Common Stock"). Does not include shares of Next 1 Series C Preferred Stock that Mr. Friedman has the right to receive in lieu of his $4,000 monthly deferred salary. As of the date of this filing, Mr. Friedman is owed $112,000 in deferred compensation and has the right at his option to receive one share of Next 1 Series C Preferred Stock for each $5 of deferred salary that is owed to him. Each share of Series C Preferred Stock is convertible into 50 shares of Common Stock.