Filing Details

Accession Number:
0001144204-11-032067
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-05-24 15:05:49
Reporting Period:
2011-05-20
Filing Date:
2011-05-24
Accepted Time:
2011-05-24 14:05:49
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1062273 Socialwise Inc. (Formerly Known As Ideaedge Inc) SCLW.OB Retail-Retail Stores, Nec (5990) 330756798
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
905536 Isaac Blech 75 Rockefeller Plaza, 29Th Floor
New York NY 10019
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.001 Per Share Acquisiton 2011-05-20 12,500,000 $0.40 17,500,000 No 4 P Indirect By Trusts
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Trusts
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock, Par Value $0.001 Per Share Warrant (right to buy) Acquisiton 2011-05-20 12,500,000 $0.00 12,500,000 $0.40
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2016-05-20 No 4 P Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, Par Value $0.001 Per Share 5,000,000 Direct
Footnotes
  1. The Warrant provides an exercise limitation to the extent that the number of shares of Common Stock to be issued pursuant to such exercise would exceed, when aggregated with all other shares of Common Stock beneficially owned by the Reporting Person, the number of shares of Common Stock that would result in the Reporting Person owning in excess of 4.99% of the then issued and outstanding shares of Common Stock. The Reporting Person may waive this limitation on 61 days' prior notice to the Company, and any such waiver will not be effective until the 61st day after such notice is delivered. In no event may the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares upon exercise of the Warrant held by the warrant holder exceed 9.99%. As a result of this exercise limitation (which has not been waived), the Warrant is not exercisable within 60 days, and therefore are not beneficially owned by the Reporting Person.