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Fluent, Inc. — Director's Dealing 2016
Feb 24, 2016
34456_dirs_2016-02-24_d666e260-155d-4c7b-ade1-07a0eb50da60.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: 2016-01-20
Reporting Person: Schulke Ryan (Director, 10% Owner, CEO of Fluent, LLC)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-02-22 | Common Stock | C | 5827200 | — | Acquired | 5853900 | Direct |
| 2016-02-22 | Common Stock | J | 2000000 | — | Acquired | 2000000 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-01-20 | Series B Non-Voting Convertible Preferred Stock | $ | J | 40000 | Disposed | Common Stock (2000000) | Direct | |
| 2016-01-20 | Series B Non-Voting Convertible Preferred Stock | $ | J | 40000 | Acquired | Common Stock (2000000) | Indirect | |
| 2016-02-22 | Series B Non-Voting Convertible Preferred Stock | $ | C | 116544 | Disposed | Common Stock (5827200) | Direct | |
| 2016-02-22 | Series B Non-Voting Convertible Preferred Stock | $ | J | 40000 | Disposed | Common Stock (2000000) | Indirect |
Footnotes
F1: Each share of Series B Non-Voting Convertible Preferred Stock (the "Series B Preferred Stock") automatically converted on a one-for-fifty basis into common stock of the Company (the "Common Stock") on February 22, 2016, and had no expiration date.
F2: On January 20, 2016, the reporting person entered into the RSMC Limited Liability Company Agreement, pursuant to which he contributed 40,000 shares of Series B Preferred Stock, which may be deemed to be held indirectly by the reporting person as a result of the reporting person's membership in RSMC Partners, LLC ("RSMC"). The reporting person disclaims beneficial ownership of the shares held by RSMC except to the extent of any pecuniary interest in such shares.