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NextPlat Corp — Director's Dealing 2010
May 21, 2010
34945_dirs_2010-05-20_a8108dd3-a016-433f-ae58-b110420f2420.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ECLIPS MEDIA TECHNOLOGIES, INC. (EEMT)
CIK: 0001058307
Period of Report: 2010-04-21
Reporting Person: Kesner Glenn (Director)
Reporting Person: Auracana LLC (10% Owner)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-04-21 | Series A Preferred Stock, $0.0001 par value | $0 | J | 3000000 | Acquired | Common Stock (3000000) | Indirect |
Footnotes
F1: This Form 4 is being filed by Glenn Kesner and Auracana LLC ("Auracana"). Auracana is owned 100% by Glenn Kesner, a director
of the Issuer.
F2: Auracana was the holder of 1,500,000 shares of the series D preferred stock, par value $0.001 per share ("EEGT Preferred
Stock") of EClips Energy Technologies, Inc., a Florida corporation and former parent of the Issuer ("EEGT"). Each share of
EEGT Preferred Stock was entitled to five hundred (500) votes per share and was not convertible into shares of EEGT common
stock. On April 21, 2010, EEGT merged with and into the Issuer for the purpose of changing the state of incorporation of the
Issuer to Delaware from Florida, with the Issuer continuing as the surviving corporation (the "Merger"). Upon consummation
of the Merger, each issued and outstanding share of EEGT Preferred Stock converted into two (2) shares of the Issuer's
series A preferred stock, par value $0.0001 per share ("Preferred Stock").
F3: Each share of Preferred Stock shall be convertible, at the option of the holder, into one share of the Issuer's common stock
and shall have a stated value of $0.0001 per share. Each share of Preferred Stock shall be entitled to vote on all matters
submitted to shareholders of the Issuer and shall be entitled to two hundred fifty (250) votes for each share of Preferred
Stock then outstanding. Upon consummation of the Merger, the Reporting Person received 3,000,000 shares of the Issuer's
Preferred Stock.
F4: n/a