SEC Form 4/A · accession 0001493152-17-000832
VERUS INTERNATIONAL, INC. · VRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Anshu Bhatnagar
Officer — Chief Executive Officer · Director
Period of report
Jan 10, 2017
Accepted (ET)
Jan 26, 2017 · 2:37 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 | Jan 10, 2017 | M | 11,581,467 | $0.006 | A | 11,581,467 | D | |
| Common StockF1 | Jan 10, 2017 | F | 2,331,828 | $0.0298 | D | 9,249,629 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As of January 10, 2017, the Issuer is unable to issue the shares to the Reporting Person because the Issuer does not have sufficient authorized capital stock for the issuance, but the issuance of the shares has been irrevocably authorized. The Issuer will issue the shares upon the effective date of the Issuer's one (1) for two hundred (200) reverse stock split.
- F2On January 10, 2017, the Reporting Person exercised a warrant to purchase 11,581,467 shares of the Issuer's common stock for $0.006 per share. The Reporting Person paid the exercise price on a cashless basis resulting in a withholding of 2,331,838 of the warrant shares to pay the exercise price resulting in the issuance of 9,249,629 shares.