SEC Form 4 · accession 0001607062-18-000279
MOBETIZE, CORP. · MPAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ajay Hans
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Aug 21, 2018
Accepted (ET)
Sep 13, 2018 · 10:31 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001546679
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Aug 21, 2018 | M | 1,565,000 | — | A | 1,565,000 | D | |
| Common StockF2 | Aug 29, 2018 | M | 2,254,269 | — | A | 5,466,547 | I | Corp. |
| Common StockF2,F1 | Aug 29, 2018 | M | 3,212,278 | — | A | 7,031,547 | I | Corp. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B PreferredF1,F2,F3 | — | Aug 21, 2018 | S | 3,000,000 | D | May 22, 2018 | — | Common Stock | 3,000,000 | 7,031,547 | D |
| Series B PreferredF2,F3 | — | Aug 29, 2018 | M | 1,565,000 | D | May 22, 2018 | — | Common Stock | 1,565,000 | 5,466,547 | D |
| Series B PreferredF2,F3 | — | Aug 29, 2018 | M | 2,254,269 | D | May 22, 2018 | — | Common Stock | 2,254,269 | 3,212,278 | I |
| Series B PreferredF2,F3 | — | Aug 29, 2018 | M | 3,212,278 | D | May 22, 2018 | — | Common Stock | 3,212,278 | 0 | I |
Explanation of responses
- F1Ajay Hans, the chief executive officer and a director of the Registrant, converted 7,031,547 shares of Series B Preferred Stock into 7,031,547 shares of Common Stock. Mr. Hans holds 1,565,000 shares of the Registranta(euro)(TM)s Common Stock personally, 3,650,000 shares of Common Stock through 085374 BC Ltd. and 3,212,278 shares of Common Stock through Alligato Inc.
- F2The conversion of Series B Preferred shares to Common Stock does not require a conversion price or exercise price, rather shares of Series B Preferred were exchanged for shares of Common Stock.
- F3Series B Preferred shares have no expiration date and are cancelled on conversion to Common Stock.