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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 | ||||||||
Warrants (right to buy) | $ 0.1 | 07/01/2013 | A | 1,250,000 | 07/01/2013 | 07/01/2018 | Common Stock | 1,250,000 | $ 0 (5) | 1,250,000 | D | ||||
Warrants (right to buy) | $ 0.01 | 10/09/2015 | A | 1,153,847 | 10/09/2015 | 10/08/2020 | Common Stock | 1,153,847 | $ 0 (6) | 1,153,847 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Desai Dhru C/O QUADRANT 4 SYSTEM 1501 E. WOODFIELD ROAD, SUITE 205 S. SCHAUMBURG, IL 60173 |
X | X | Chairman of the Board and CFO |
/s/ Dhru Desai | 09/22/2016 | |
**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) | Shares acquired by the reporting person pursuant to a Share Exchange Agreement between the Issuer and Stonegate Holdings, Inc. (no price indicated). |
(2) | Shares acquired by a trust for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. |
(3) | Shares acquired by a trust for the benefit of the reporting person's children in a private transaction. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. |
(4) | Shares acquired by the reporting person, indirectly via Congruent Ventures, a corporation of which the reporting person is the sole shareholder, pursuant to a Share Exchange Agreement between the Issuer and Stonegate Holdings, Inc. (no price indicated). |
(5) | Grant in connection with service as a director of the Issuer. |
(6) | Grant in connection with service as an executive officer of the Issuer. |
Remarks: The reporting person inadvertently failed to timely file Form 4 in connection with the transactions reported above. See also the Form 3 filing made by the reporting person as of the date of this filing, which, together with this Form 4, collectively report all of the Reporting Person's holdings of, and transactions in, the Issuer's equity securities. |