SEC Form 4 · accession 0001266422-16-000001
STRATEGIC INTERNET INVESTMENTS INC · SOHFF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ralph Edward Shearing
Director
Period of report
May 5, 2006
Accepted (ET)
Feb 17, 2016 · 1:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000053320
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common sharesF1,F2 | Feb 19, 2013 | A | 2,645,638 | $0.07 | A | 2,645,638 | I | CMB Investments Ltd. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF3 | $0.096 | May 8, 2006 | A | 682,365 | A | May 8, 2006 | May 8, 2006 | Common shares | 682,365 | 682,365 | I |
| WarrantsF3,F2 | $0.23 | Sep 30, 2006 | A | 90,493 | A | Sep 30, 2006 | Sep 30, 2006 | Common shares | 90,493 | 772,858 | I |
| WarrantsF3,F2 | $0.05 | Dec 31, 2007 | A | 990,000 | A | Dec 31, 2007 | Dec 31, 2007 | Common shares | 990,000 | 1,762,858 | I |
| WarrantsF3,F2 | $0.05 | May 31, 2008 | A | 558,000 | A | May 31, 2008 | May 31, 2008 | Common shares | 558,000 | 2,320,858 | I |
| OptionsF4,F2 | $0.10 | Oct 15, 2012 | D | 1,525,000 | D | Oct 15, 2012 | Oct 15, 2017 | Common shares | 1,525,000 | 0 | I |
| OptionsF5,F2 | $0.12 | Jan 16, 2013 | A | 1,440,000 | A | Jan 16, 2013 | Jan 16, 2018 | Common shares | 1,440,000 | 1,440,000 | I |
Explanation of responses
- F1Shares received as per Debt Settlement Agreement between SIII and CMB Investments Ltd. CMB received 2,645,638 Rule 144 Reg S shares at a deemed price of $0.07 per share.
- F2CMB Investments Ltd. is a 100% wholly owned company of Ralph Shearing.
- F3On May 8, 2006 SIII entered into a Convertible Loan Facility Agreement with CMB Investments Ltd., a company owned by Ralph Shearing, whereby SIII would from time to time borrow operating funds from CMB with interest at a rate of 10% repayable on demand. CMB has the right to convert the loan into units of SIII, each unit consisting of one common share and one share purchase warrant exercisable at a conversion rate calculated at a discount to the average closing price for 10 days preceding a loan advance.
- F4Stock options cancelled
- F51,440,000 stock options exercisable at a price of $0.12 per share with an expiry date of January 16, 2018.
Remarks
On December 4, 2015 Ralph Edward Shearing resigned his position as Director for Strategic Internet Investments Inc.