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BTCS Inc. — Director's Dealing 2017
Jan 30, 2017
33585_dirs_2017-01-30_4b33bd5f-b50d-463d-9920-be8b133b6b8e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BTCS Inc. (BTCS)
CIK: 0001436229
Period of Report: 2017-01-30
Reporting Person: Handerhan Michal (Director, Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-01-30 | Common Stock | J | 12000000 | $0.00 | Disposed | 15561787 | Direct |
Footnotes
F1: This transaction represents the redemption of 12,000,000 shares of common stock in connection with the voluntary securities escrow agreement dated February 19, 2016 (the "Escrow Agreement"). Pursuant to the Escrow Agreement if BTCS Inc. (the "Company") failed to list the Company's common stock on a national securities exchange on or before December 31, 2016 and failed to consummated the merger with Spondoolies-Tech Ltd. on or before December 31, 2016, Mr. Handerhan agreed to return 12,000,000 shares of common stock for no consideration.