SEC Form 4 · accession 0001477932-16-009946
XLI Technologies, Inc. · XLIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Paul Schramm
Officer — President, CEO and CFO · Director · 10% Owner
Period of report
Oct 20, 2015
Accepted (ET)
Apr 26, 2016 · 4:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001578305
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 20, 2015 | P$0 | 25,000,000 | $0.00 | A | 75,000,000 | D | |
| Series A Preferred StockF2,F3 | Feb 2, 2016 | A | 100,000 | $0.00 | A | 775,000,000 | D | |
| Common StockF3 | Feb 9, 2016 | S | 113,334 | $0.30 | D | 774,886,666 | D | |
| Common StockF3 | Feb 9, 2016 | S | 140,000 | $0.25 | D | 774,746,666 | D | |
| Common StockF3 | Feb 9, 2016 | G | 5,300,000 | $0.00 | D | 769,446,666 | D | |
| Common StockF5,F3 | Feb 11, 2016 | J | 40,000,000 | $0.00 | D | 729,446,666 | D | |
| Common StockF6,F3 | Mar 18, 2016 | J | 25,000,000 | $0.00 | D | 704,446,666 | D | |
| Common StockF3 | Mar 31, 2016 | S | 110,020 | $0.30 | D | 704,336,646 | D | |
| Common StockF3 | Mar 31, 2016 | G | 1,110,000 | $0.00 | D | 703,226,646 | D | |
| Common Stock | holding | — | — | — | 3,000,000 | I | Held by spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On October 20, 2015, the Issuer entered into that certain Share Exchange Agreement with Bosch International, LLC, a Nevada limited liability company ("BIL"). Pursuant to the terms of the Share Exchange Agreement (i) the Issuer acquired 100% of the issued and outstanding membership interests of BIL, and BIL became a wholly-owned subsidiary of the Issuer and (ii) the Issuer issued to the Reporting Person, BIL's sole member, 25,000,000 shares of the Issuer's common stock.
- F2On February 2, 2016, the Issuer issued 100,000 shares of the Issuer's Series A Preferred Stock to the Reporting Person. The Series A Preferred Stock entitles the Reporting Person to 7,000 votes per share on all matters submitted to a vote to the Issuer's common stockholders. The Series A Preferred Stock is not convertible into common stock or other securities of the Company.
- F3Includes the power to vote 700,000,000 shares of common stock pursuant to the Reporting Person's ownership of 100,000 shares of Series A Preferred Stock.
- F4On February 9, 2016, the Reporting Person transferred an aggregate of 5,300,000 shares of the Issuer's common stock as a bona fide gift to four individuals of which 3,000,000 shares of the Issuer's common stock were transferred to the Reporting Person's spouse.
- F5On February 11, 2016, the Reporting Person cancelled and returned to treasury an aggregate of 40,000,000 shares of the Issuer's common stock.
- F6On March 18, 2016 the Reporting Person cancelled and returned to treasury an aggregate of 25,000,000 shares of the Issuer's common stock.
- F7On March 31, 2016, the Reporting Person transferred an aggregate of 1,110,000 shares of the Issuer's common stock as a bona fide gift to five individuals.