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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Series E Convertible Preferred Stock | (2) | 07/15/2015 | S | 180,000 | (2) | (2) | Common Stock | 1,800,000 | (3) | 0 | D | ||||
Series E Convertible Preferred Stock | (2) | 07/15/2015 | S | 50,000 | (2) | (2) | Common Stock | 500,000 | $ 0.1 | 0 | D | ||||
Series E Convertible Preferred Stock | (2) | 07/15/2015 | C | 20,000 | (2) | (2) | Common Stock | 200,000 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Phipps David C/O ORBITAL TRACKING CORP. 18851 N.E. 29TH AVE., SUITE 700 AVENTURA, FL 33180 |
CHIEF EXECUTIVE OFFICER |
/s/ David Phipps | 08/03/2015 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The Reporting Person acquired 200,000 shares of common stock of the Issuer in connection with a conversion of 20,000 shares of Series E Preferred Stock. |
(2) | Each share of Series E Preferred Stock is convertible into ten (1) shares of common stock and has no conversion price, exercisable date, or expiration date. |
(3) | The market price for the underlying shares of common stock, on a per share basis, was $0.80. |