SEC Form 4 · accession 0001209191-15-021904
DIGILITI MONEY GROUP, INC. · DGLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael John Hanson
Director
Period of report
Feb 27, 2015
Accepted (ET)
Mar 3, 2015 · 9:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001487906
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Feb 27, 2015 | C | 217,391 | $1.15 | A | 3,016,545 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B Convertible Preferred StockF3 | $1.15 | Feb 27, 2015 | C | 217,391 | D | Feb 3, 2015 | — | Common Stock | 217,391 | 0 | D |
Explanation of responses
- F1On February 27, 2015, Cachet Financial Solutions, Inc. (the "Company") elected to convert all of its issued and outstanding Series B Convertible Preferred Stock into Common Stock of the Company, including the conversion of accrued but unpaid dividends.
- F2Includes 475 shares issued upon the conversion of PIK dividends, which is an exempt transaction pursuant to Rule 16a-9 and/or 16b-6(b).
- F3The Series B Preferred Stock has no expiration date.