SEC Form 4 · accession 0001185185-16-005455
Quadrant 4 System Corp · QFOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nandu Thondavadi
Officer — Director and CEO · Director
Period of report
Jun 7, 2010
Accepted (ET)
Sep 22, 2016 · 10:05 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000878802
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Jun 7, 2010 | P$0 | 4,500,000 | — | A | 4,500,000 | I | By Trust |
| Common StockF3 | Sep 30, 2013 | P | 993,287 | $0.25 | A | 993,287 | D | |
| Common StockF1 | holding | — | — | — | 3,000,000 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (right to buy)F4 | $0.10 | Jul 1, 2013 | A | 1,250,000 | A | Jul 1, 2013 | Jul 1, 2018 | Common Stock | 1,250,000 | 1,250,000 | D |
| Warrants (right to buy)F5 | $0.01 | Oct 9, 2015 | A | 1,153,846 | A | Oct 9, 2015 | Oct 8, 2020 | Common Stock | 1,153,846 | 1,153,846 | D |
Explanation of responses
- F1Shares held by a trust of which the reporting person's spouse is the sole trustee and the reporting person's child is the sole beneficiary, pursuant to a Share Exchange Agreement between the Issuer and Stonegate Holdings, Inc. (no price indicated). The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F2Shares acquired by a trust of which the reporting person's spouse is the sole trustee and the reporting person's child is the sole beneficiary, pursuant to a Share Exchange Agreement between the Issuer and Stonegate Holdings, Inc. (no price indicated). The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F3Shares acquired pursuant to an agreement with the Issuer to cancel indebtedness in the amount of $248,322 owned by the Issuer to Global Technology Ventures Corporation, a dissolved corporation of which the reporting person was the sole shareholder.
- F4Grant in connection with service as a director of the Issuer.
- F5Grant in connection with service as an executive officer of the Issuer.
Remarks
The reporting person inadvertently failed to timely file Form 4 in connection with the transactions reported above. See also the Form 3 and Form 4/A filing by the reporting person made as of the date of this filing, which, together with this Form 4, collectively report all of the reporting person's holdings of, and transactions in, the Issuer's equity securities.