SEC Form 4 · accession 0001477932-15-007533
Skkynet Cloud Systems, Inc. · SKKY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lowell Thomas Holden
Officer — Chief Financial Officer
Period of report
Nov 24, 2015
Accepted (ET)
Dec 8, 2015 · 1:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001546853
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Nov 24, 2015 | J | 50,100 | $52,600.00 | A | 55,100 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 24, 2015, Mr. Holden entered into a settlement and Release Agreement with the Company, whereby Mr. Holden received 50,100 shares of common stock in exchange for the forgiveness of $52,600 in accrued but unpaid salary due as of October 31, 2015.
- F25,000 shares are held indirectly in the name of Mr. Holden's wife. Mr. Holden holds 50,100 shares directly.