SEC Form 4 · accession 0001173375-16-000270
REAC GROUP, INC. · REAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert DeAngelis
Officer — President,Secretary,Treasurer · Director · 10% Owner
Period of report
Aug 29, 2016
Accepted (ET)
Sep 14, 2016 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001520528
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Aug 29, 2016 | D | 60,000 | $0.03 | D | 5,003 | D | |
| Series A Preferred StockF1 | Aug 29, 2016 | J | 12 | $1,800.00 | A | 12 | D | |
| Series A Preferred Stock | Aug 29, 2016 | J | 50,923 | $3.25 | A | 50,935 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reporting Person surrendered 60,000 shares (valued at $1,800 based on the market price of $0.03 per share) of his Issuer common stock in exchange for 12 shares of Series A Preferred Stock.
- F2Reflects a 10,000 to 1 reverse stock split that was effective July 15, 2016.
- F3Reporting Person cancelled $165,500 of the debt the Issuer owed to him in exchange for the issuance of 50,923 shares of Series A Preferred Stock ($3.25 per preferred share).