SEC Form 5 · accession 0001091818-16-000274
Bravo Multinational Inc. · BRVO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Parliament
Officer — CEO/President · Director
Period of report
Dec 31, 2015
Accepted (ET)
May 5, 2016 · 9:10 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001444839
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 1, 2015 | C | 4,084,402 | $0.01 | A | 7,667,640 | D | |
| Common StockF2 | Aug 11, 2015 | C | 4,010,134 | $0.0237 | A | 11,687,774 | D | |
| Common StockF3 | Aug 11, 2015 | C | 969,976 | $0.0237 | A | 12,657,750 | D | |
| Common StockF4 | Aug 11, 2015 | C | 2,028,416 | $0.0237 | A | 14,686,166 | D | |
| Common StockF5 | Aug 11, 2015 | C | 2,354,353 | $0.0127 | A | 17,040,519 | D | |
| Common StockF6 | Oct 31, 2015 | A | 4,002,608 | $0.027 | A | 21,043,127 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible Preferred Series 'A'F7 | $0.10 | Mar 25, 2015 | A | 1,000,000 | A | Mar 25, 2015 | Mar 25, 2035 | Series 'A' Preferred | 1,000,000 | 1,000,000 | D |
Explanation of responses
- F1On August 1, 2015, Filer was issued 4,084,402 restricted shares of BRVO common stock in connection with the conversion of a promissory note. The shares were valued at $40,844.20.
- F2On August 11, 2015, Filer was issued 4,010,134 restricted shares of BRVO common stock in connection with the conversion of a promissory note. The shares were valued at $95,040.18.
- F3On August 11, 2015, Filer was issued 969,976 restricted shares of BRVO common stock in connection with the conversion of a promissory note. The shares were valued at $22,988.44.
- F4On August 11, 2015, Filer was issued 2,028,416 restricted shares BRVO common stock in connection with the conversion of a promissory note. The shares were valued at $48,073.45
- F5On August 11, 2015 Filer was issued 2,235,353restricted shares of BRVO common stock in payment for director fees for Calender year 2014. The shares were valued at $30,000.
- F6On October 31, 2015, Filer was issued 4,002,608 restricted shares of BRVO common stock in payment of executive compensation. The shares were valued at $107,812.50.
- F7Each Series A Preferred has voting rights to 100 shares of common shares and conversion rights to 10 shares of common shares. If holder decides on complete liquidation of the Series A its liquidation value is $0.10. If holder converts to common, conversion is adjusted on 85% of the common stock price over a 20-day trailing, lowest closing bid price average. No holder can convert shares into an amount of shares of common in excess of 10% of the number common shares traded on issuers market on the date of conversion. Refer to Form 8-K/A- Exhibit 4.1 filed April 1, 2015.