SEC Form 4 · accession 0001493152-17-002619
DIGILITI MONEY GROUP, INC. · DGLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael John Hanson
Director · 10% Owner
Period of report
Mar 15, 2017
Accepted (ET)
Mar 20, 2017 · 3:28 pm EDT
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 StockF1 | Mar 15, 2017 | J | 691,104 | — | A | 1,194,656 | D | |
| Common StockF2 | Mar 15, 2017 | C | 281,246 | — | A | 1,475,902 | D | |
| Common StockF4 | Mar 15, 2017 | J | 150,878 | — | A | 1,626,780 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible Promissory Note PayableF1,F3 | — | Mar 15, 2017 | J | 691,104 | D | — | — | Common Stock | 691,104 | 0 | D |
| Series C Convertible Preferred StockF2,F3 | — | Mar 15, 2017 | C | 281,246 | D | — | — | Common Stock | 281,246 | 0 | D |
| Revolving Line of Credit NoteF4 | — | Mar 15, 2017 | J | 150,878 | D | — | — | Common Stock | 150,878 | 0 | D |
Explanation of responses
- F1A $1,903,757.07 Convertible Term Promissory Note converted into Cachet Financial Solutions, Inc. common stock on a $3.60-for-$1.00 basis.
- F2The Series C Convertible Preferred Stock converted into Cachet Financial Solutions, Inc. Common Stock on a $3.60 for $100 basis.
- F3Reflects 1-for-1.5 reverse stock split which became effective on March 9, 2017.
- F4Revolving Line of Credit Note Payable converted into Cachet Financial Solutions Inc. Common Stock on a $4.50 for $1.00 basis.