SEC Form 4/A · accession 0001010412-18-000026
KonaTel, Inc. · KTEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Mark S Savage
Director · 10% Owner
Period of report
Apr 24, 2018
Accepted (ET)
Jun 21, 2018 · 1:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000845819
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 24, 2018 | J | 12,100,000 | $0.00 | D | 0 | I | M2 Equity Partners LLC |
| Common Stock | Apr 24, 2018 | J | 3,950,000 | $0.00 | A | 3,950,000 | D | |
| Common Stock | Jun 8, 2018 | P | 50,000 | $0.20 | A | 4,000,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options | $0.22 | holding | — | — | — | Mar 18, 2018 | Mar 18, 2023 | Common Stock | 31,250 | 31,250 | D |
| Options | $0.22 | holding | — | — | — | Jun 18, 2018 | Jun 18, 2023 | Common Stock | 31,250 | 62,500 | D |
| Options | $0.22 | holding | — | — | — | Sep 18, 2018 | Sep 18, 2023 | Common Stock | 31,250 | 93,750 | D |
| Options | $0.22 | holding | — | — | — | Dec 18, 2018 | Dec 18, 2023 | Common Stock | 31,250 | 125,000 | D |
| Options | $0.22 | holding | — | — | — | Mar 18, 2019 | Mar 18, 2024 | Common Stock | 31,250 | 156,250 | D |
| Options | $0.22 | holding | — | — | — | Jun 18, 2019 | Jun 18, 2024 | Common Stock | 31,250 | 187,500 | D |
| Options | $0.22 | holding | — | — | — | Sep 18, 2019 | Sep 18, 2024 | Common Stock | 31,250 | 218,750 | D |
| Options | $0.22 | holding | — | — | — | Dec 18, 2019 | Dec 18, 2024 | Common Stock | 31,250 | 250,000 | D |
Explanation of responses
- F1On April 24, 2018, the 12,100,000 shares of our common stock that were acquired by M2 Equity Partners, LLC, under a Common Stock Purchase Agreement were distributed to its members, pro rata, in accordance with their respective membership interests. This action was approved by the requisite members to M2 Equity Partners, LLC, on April 9, 2018. All of these transferred shares remain subject to the Shareholder Voting Agreement and the Lock-Up/Leak-Out Agreement, see Exhibit 9 to the Amended Current Report on Form 8-K/A dated November 15, 2017, and filed with the Securities and Exchange Commission on December 20, 2017.
- F2Number of shares Mr. Savage received in the M2 Equity Partners LLC distribution on April 24, 2018. See Footnote 1.