Home > Insider Trading > Filing (0001209191-13-018431)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
876378	Safestitch Medical Inc.	SFES.OB	Blank Checks (6770)	112962080

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
898860	Al Et Md Phillip Frost	4400 Biscayne Blvd Miami FL 33137		No	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	Acquisiton	2013-03-22	2,000,000	$0.25	13,122,346	No	4	P	Indirect	Frost Gamma Investments Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Frost Gamma Investments Trust

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrants	Acquisiton	2013-03-22	1,000,000	$0.00	1,000,000	$0.33

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,000,000	2013-03-22	2018-03-22	No	4	P	Indirect

Footnotes

On March 22, 2013, the issuer sold and issued to Frost Gamma Investments Trust, in a privately negotiated transaction pursuant to a stock purchase agreement, an aggregate of 2,000,000 shares of the issuer's common stock at a purchase price of $0.25 per share and warrants to purchase an additional 1,000,000 shares of the issuer's common stock with a warrant exercise price of $0.33 per share.
These securities are held by Frost Gamma Investments Trust, of which the Reporting Person is the trustee. Frost Gamma Limited Partnership is the sole and exclusive beneficiary of Frost Gamma Investments Trust. The Reporting Person is one of two limited partners of Frost Gamma Limited Partnership. The general partner of Frost Gamma Limited Partnership is Frost Gamma, Inc. and the sole shareholder of Frost Gamma, Inc. is Frost-Nevada Corporation, of which the Reporting Person is the sole shareholder.