SEC Form 4 · accession 0001209191-16-088991
XcelMobility Inc. · XCLL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Zhixiong Wei
Director
Period of report
Dec 31, 2015
Accepted (ET)
Jan 5, 2016 · 5:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001465509
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Convertible Preferred StockF2,F1,F3 | — | Dec 31, 2015 | J | 2,500,000 | A | — | — | Common Stock | 2,500,000 | 2,500,000 | D |
Explanation of responses
- F1The Series A Convertible Preferred Stock is convertible, at any time, into shares of the Issuer's Common Stock at the rate of one share of Common Stock for one share of Series A Preferred Stock.
- F2The shares were transferred from Ronald Edward Strauss to the reporting person in a private transaction in connection with Mr. Strauss' resignation as a director of the Issuer and the election of the reporting person as a director to fill the vacancy on the board of directors created by the resignation of Mr. Strauss.
- F3The Series A Convertible Preferred Stock has no expiration date.