SEC Form 4 · accession 0000948520-18-000007

· VII

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

Reporting owner

10% Owner

Period of report

Mar 23, 2018

Accepted (ET)

Mar 26, 2018 · 4:02 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^F1,F2	Mar 23, 2018	S$0	7,284,824	—	D	0	I	See footnote

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrants^F1,F3	$0.40	Mar 23, 2018	S	1,500,000	D	Apr 20, 2017	Apr 20, 2020	Common Stock	1,500,000	0	I

F1The 7,284,824 shares of VII common stock together with warrants to purchase 1,500,000 shares of VII common stock for $0.40 per share were transferred to CETX in consideration for 1,012,625 shares of CETX common stock. In determining the number shares of CETX common stock received, the parties multiplied $0.40 by the number of VII shares transferred (7,284,824) and divided the product by the five-day weighted average price of the CETX common stock for the five business days immediately preceding March 23, 2018. The price (value) received for the VII common stock disposed of has not been calculated but was less than $0.40 per share. The price (value) received for the warrants to acquire VII common stock has not been separately calculated but it will reduce the value per share received for the VII common stock sold.
F2The shares were 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.
F3The warrants were 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.