SEC Form 4 · accession 0001213900-15-003616
il2m INTERNATIONAL CORP. · ILIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
il2m Global Limited.
10% Owner
Period of report
May 11, 2015
Accepted (ET)
May 13, 2015 · 7:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001520512
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 11, 2015 | J | 400,000 | $0.00 | D | 0 | D | |
| Common Stock | May 11, 2015 | J | 500,000 | $0.00 | D | 0 | D | |
| Common Stock | May 11, 2015 | J | 124,100,000 | $0.00 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Vartan Pilavjyan ("Pilavjyan") loaned the Reporting Person $100,000.00 for the purposes of providing working capital to the Issuer, which loan was evidenced by that certain promissory note dated March 14, 2014 in the principal amount of $100,000.00 issued by the Reporting Person to Pilavyjan, which provided that in the event the Reporting Person was unable to repay the $100,000 on the demand date, the Reporting Person in its sole discretion without the consent of Pilavjyan would transfer to Pilavjyan 400,000 shares of common stock of the Company that the Reporting Person held of record.
- F2Hovsep Karapetian ("Karapetian") loaned the Reporting Person $125,000.00 for the purposes of providing working capital to the Issuer, which loan was evidenced by that certain promissory note dated March 14, 2014 in the principal amount of $125,000.00 issued by the Reporting Person to Karapetian, which provided that in the event the Reporting Person was unable to repay the $125,000 on the demand date, the Reporting Person in its sole discretion without the consent of Karapetian would transfer to Karapetian 400,000 shares of common stock of the Company that the Reporting Person held of record.
- F3On April 27, 2015, the Issuer's Board of Directors and majority shareholders, believing it to be in the best interests of the Issuer and its shareholders, approved a termination of license and transfer of assets with the Reporting Person (the "Termination and Transfer of Assets"). Based on the terms and provisions of the Termination and Transfer of Assets, the Reporting Person returned 124,100,000 shares of common stock to the Issuer for cancellation and return to treasury.