SEC Form 4 · accession 0000948520-18-000003

· VII

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

10% Owner

Period of report

Mar 12, 2018

Accepted (ET)

Mar 14, 2018 · 3:24 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000310056

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F2	Mar 12, 2018	S	1,400	$0.39	D	7,333,237	I	See footnote
Common Stock^F2	Mar 12, 2018	S	400	$0.3907	D	7,332,837	I	See footnote

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrants^F3,F4	$0.40	Apr 20, 2017	J	1,500,000	A	Apr 20, 2017	Apr 20, 2020	Common Stock	1,500,000	1,500,000	I

F1The reporting person's sale of VII common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act with the reporting person's purchase of the same number of shares of VII common stock at a price of $0.40 per share on November 7, 2018. The reporting person plans to pay promptly to VII the full amount of profit realized in connection with the short-swing transactions, less transaction costs.
F2The shares are or were owned directly by NIL Funding Corporation, a subsidiary of the Article 6 Marital Trust and indirectly by by Anita G. Zucker as trustee and beneficiary of the trust.
F3The warrants were issued as additional consideration for NIL Funding Corporation's extending credit to VII. VII reported that the fair value of the warrants at issuance was $438,000.
F4The warrants are owned directly by NIL Funding Corporation, a subsidiary of the Article 6 Marital Trust, and indirectly by Anita G. Zucker as trustee and beneficiary of the trust.