SEC Form 4/A · accession 0001493152-16-015226
ARGENTUM 47, INC. · ARGQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Patrick Vivian Dolan
Director
Period of report
Sep 30, 2016
Accepted (ET)
Nov 17, 2016 · 4:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001533106
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 30, 2016 | J | 1,323,863 | $0.02 | A | 52,608,267 | D | |
| Common StockF1 | Nov 11, 2016 | J | 50,000,000 | — | D | 2,608,267 | 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 Preferred StockF2,F3 | $0.00 | Nov 11, 2016 | J | 5,000,000 | A | Nov 12, 2017 | — | Common Stock | 50,000,000 | 5,000,000 | D |
Explanation of responses
- F1On 9/30/16, Mr. Dolan converted $26,477.25 of accrued salary into 1,323,863 shares of Common Stock.
- F2On November 11, 2016, Mr. Dolan exchanged 50,000,000 shares of Common Stock in the Issuer for 5,000,000 shares of the Issuer's Series B Preferred Stock. No cash or other consideration exchanged hands in this exchange transaction. Each share of Series B Preferred Stock has 10 votes on all matters brought before meetings of shareholders, vote alongside holders of Common Stock and not as a separate class. Beginning on 11/12/17, each share of Series B Preferred Stock is convertible into 10 shares of Common Stock.
- F3The conversion provision is perpetual.