SEC Form 4 · accession 0001493152-17-007364
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
Jan 24, 2017
Accepted (ET)
Jun 30, 2017 · 12:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001487906
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible Promissory NoteF2,F1 | — | Jan 24, 2017 | P | 691,104 | A | Mar 15, 2017 | Apr 30, 2018 | Common Stock | 691,104 | 691,104 | D |
| Series C Convertible Preferred StockF3,F1 | — | Jan 24, 2015 | P | 281,246 | A | Mar 15, 2017 | — | Common Stock | 281,246 | 281,246 | D |
| Revolving Line of Credit Note (Right to Buy)F4,F1 | — | Jan 24, 2017 | J | 150,878 | A | Mar 15, 2017 | — | Common Stock | 150,878 | 150,878 | D |
| Warrant (Right to Buy)F5,F1 | $7.41 | Jan 24, 2017 | P | 3,334 | A | Jan 24, 2017 | Jan 23, 2022 | Common Stock | 3,334 | 3,334 | D |
| Warrant (Right to Buy)F6,F1 | $3.60 | Jan 26, 2017 | A | 3,858 | A | Jan 26, 2017 | Jan 25, 2022 | Common Stock | 3,858 | 3,858 | D |
| Warrant (Right to Buy)F7,F1 | $4.50 | Mar 10, 2017 | J | 90,526 | A | Mar 10, 2017 | Mar 11, 2022 | Common Stock | 90,526 | 90,526 | D |
Explanation of responses
- F1Reflects 1-for-1.5 reverse stock split which became effective on March 9, 2017.
- F2Convertible Term Promissory Note convertible into Issuer's common stock on a $3.60-for-$1.00 basis.
- F3The Series C Convertible Preferred Stock converted into the Issuer's Common Stock on a $3.60-for-$1.00 basis. (This filing is deemed to correct the typographical error contained within Form 4 filed on March 20, 2017, which incorrectly stated a conversion basis of $3.60-for-$100.)
- F4Reflects an amendment to the Revolving Line of Credit Note convertible into the Issuer's Common Stock on a $4.50-for-$1.00 basis.
- F5Issued in consideration of the Reporting Person's agreement to convert a Convertible Term Promissory Note from the Issuer into the Issuer's common stock and to accept warrants in lieu of cash repayment of $158,900 interest accrued in connection with the convertible note.
- F6Issued pursuant to a Convertible Note Payable agreement between the Issuer and the Reporting Person.
- F7Issued in consideration of the conversion of the Revolving Line of Credit Note in footnote (4) pursuant to an agreement between the Reporting Person and Issuer.