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Nixxy, Inc. — Director's Dealing 2016
Jun 29, 2016
34806_dirs_2016-06-29_69b1abaa-4fd0-4943-9baf-01e5a6f93855.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Truli Media Group, Inc. (TRLI)
CIK: 0001462223
Period of Report: 2015-12-16
Reporting Person: SOLOMON MICHAEL JAY (Director, Chief Executive Officer, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-12-16 | Common Stock | P | 27798 | $0.90 | Acquired | 892676 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-12-16 | 4% Convertible Note | $0.02 | J | 97796695 | Acquired | 2020-12-01 | Common Stock (97796695) | Direct |
| 2015-12-17 | Option to Purchase 4% Convertible Note | $0.02 | J | 4889834 | Disposed | 2020-12-01 | Common Stock (4889834) | Direct |
| 2016-01-27 | 4% Convertible Note | $0.02 | J | 4889834 | Acquired | 2020-12-01 | Common Stock (4889834) | Direct |
Footnotes
F1: Reporting person, Michael Jay Solomon received 27,798 shares of common stock in exchange for payment of past due invoices of $25,000 on behalf of the issuer.
F2: Represents convertible note in aggregate principal of $1,955,933.91 and accruing interest at 4.0% per annum issued in exchange for a promissory note held by reporting person for the same amount (principal and interest). The note is convertible into common stock and may be converted on demand by the holder, subject to certain beneficial ownership limitations.
F3: Represents an option issued to a third-party to purchase up to 5% of the outstanding principal and interest of the 4% convertible note held by reporting person at an aggregate price of $10.00.
F4: The amount of shares of common stock underlying the option is equal to 5% of the outstanding principal and interest on the date of the notice of exercise by the option holder.
F5: Represents the cancellation of the option to purchase the 4% convertible note held by a third-party and as described in Footnotes (3) and (4) above. The amount of the note and shares issuable pursuant to conversion thereunder are based on the principal amount on the date of issuance of the note.