SEC Form 4 · accession 0001607062-18-000281
MOBETIZE, CORP. · MPAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald Duberstein
Director
Period of report
Aug 13, 2018
Accepted (ET)
Sep 13, 2018 · 10:35 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 29, 2018 | M | 2,399,167 | — | A | 2,399,167 | D | |
| Common StockF2,F1 | Aug 29, 2018 | M | 20,000 | — | A | 2,419,167 | 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 PreferredF2,F3 | — | Aug 29, 2018 | M | 2,399,167 | D | May 22, 2018 | — | Common Stock | 2,399,167 | 20,000 | D |
| Series B PreferredF2,F3,F1 | — | Aug 29, 2018 | M | 20,000 | D | May 22, 2018 | — | Common Stock | 2,419,167 | 0 | D |
Explanation of responses
- F1Donald Duberstein, a director of the registrant, converted 2,419,167 shares of Series B Preferred into 2,419,167 shares of Common Stock. Mr. Duberstein holds 2,399,167 shares of the registranta(euro)(TM)s Common Stock personally, and 20,000 shares of Common Stock through The Duberstein Organization, a related party.
- 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.