SEC Form 4 · accession 0001437749-15-022380
VERUS INTERNATIONAL, INC. · VRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alex Aliksanyan
Officer — CEO, CIO & COO · Director
Period of report
Dec 1, 2015
Accepted (ET)
Dec 16, 2015 · 4:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001430523
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 1, 2015 | M | 1,000,000 | — | A | 4,550,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Monaker Group, Inc. Series D PreferredF1,F3 | $0.15 | Dec 1, 2015 | M | 30,000 | D | Feb 20, 2015 | — | Common Stock | 1,000,000 | 0 | D |
Explanation of responses
- F1The Reporting Person converted 30,000 shares of Monaker Group, Inc. Series D Preferred Stock into 1 million shares of the Issuer's common stock. Each share of Monaker Group, Inc. Series D Preferred Stock is convertible into that number of shares of RealBiz Media Group Inc. common stock equal to the Stated Value ($5.00) divided by the conversion price ($0.15). The Reporting Person holds 30,000 shares of Monaker Group, Inc. Series D Preferred Stock
- F2The Reporting Person received 800,000 shares of common stock under an employment agreement, which shares will be released on a quarterly basis with 200,000 shares being released to the Reporting Person on each of May 31, 2015, August 31, 2015, November 30, 2015 and February 28, 2016.
- F3Not applicable