SEC Form 4 · accession 0001437749-16-035371
QPAGOS · QPAG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jimmy I Gibbs
10% Owner
Period of report
Jul 18, 2016
Accepted (ET)
Jul 20, 2016 · 11:28 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001591913
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 18, 2016 | S | 480,000 | $0.625 | D | 4,885,000 | I | By Gibbs International Inc. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF2,F1 | $1.25 | Jul 18, 2016 | S | 1 | D | Nov 30, 2015 | Nov 27, 2020 | Common Stock | 480,000 | 400,000 | I |
Explanation of responses
- F1The securities were held and sold by Gibbs International, Inc. Jimmy Gibbs is an officer, director and the sole shareholder of Gibbs International, Inc.
- F2The sale of the warrant and the sale of 480,000 shares of Common Stock described in Table I were sold in the same transaction to the same purchaser, and the purchase price of the warrant was $0.00.