SEC Form 4 · accession 0001213900-16-011540
Nxt-ID, Inc. · NXTD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gino Miguel Pereira
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Mar 11, 2016
Accepted (ET)
Mar 11, 2016 · 5:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001566826
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 11, 2016 | S$0 | 650,000 | $0.00 | D | 8,968,738 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Pereira transferred his personal shares of Nxt-ID (the "Company") as collateral on a personal, three-year loan (the "Loan"). Mr. Pereira can reclaim his shares upon full repayment of the Loan amount.