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Fluent, Inc. Director's Dealing 2015

Dec 11, 2015

34456_dirs_2015-12-10_960fb48e-e7f0-4b25-a1c1-55b6b87c4ea3.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IDI, Inc. (IDI)
CIK: 0001460329
Period of Report: 2015-12-08

Reporting Person: Brauser Michael (Director, Executive Chairman)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2015-12-08 Series B Non-Voting Convertible Preferred Stock $ P 400 Acquired Common Stock (20000) Direct

Footnotes

F1: The Series B Non-Voting Convertible Preferred Stock (the "Series B Preferred Stock") will automatically convert on a one-for-fifty basis into common stock of the Company (the "Common Stock") on the date that is the twenty first (21st) day following the mailing of the information statement to the Company's stockholders disclosing the Company's stockholders' approval of the issuance of the Common Stock underlying the Series B Preferred Stock, without any further action on the part of the Company or any holder of the Series B Preferred Stock.

F2: The shares of Series B Preferred Stock were provided in connection with a $4,000,000.00 bridge loan by Michael Brauser to the Company.