Filing Details

Accession Number:
0001415889-13-001118
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-06-07 17:07:58
Reporting Period:
2013-05-31
Filing Date:
2013-06-07
Accepted Time:
2013-06-07 17:07:58
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
12239 Spherix Inc SPEX Services-Testing Laboratories (8734) 520849320
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1371074 J Harvey Kesner 7927 Jones Branch Drive
Suite 3125
Tysons Corner VA 22102
Interim Ceo No No No 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 Disposition 2013-05-31 110,000 $0.00 29,795 No 4 S Indirect See Explanatory Note
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See Explanatory Note
Footnotes
  1. The purchase price is equal to the fair market value of the shares of common stock on May 31, 2013 as determined pursuant to a written valuation report prepared by an independent financial advisory firm. An initial payment of $50,000 was made pending receipt of the final valuation report.
  2. Includes (i) 9,391 shares of common stock, (ii) warrants to purchase 9,391 shares of common stock exercisable within 60 days and (iii) 10,000 shares of restricted common stock held by Paradox Capital Partners LLC ("Paradox"). Includes options to purchase 1,013 shares of common stock exercisable within 60 days held by Mr. Kesner. Excludes 110,000 shares of restricted common stock held by U.S. Commonwealth Life A.I. ("USL") of which The Four Camps 2013 Trust is beneficiary. Mr. Kesner is the sole manager and member of Paradox and in such capacity has voting and dispositive power over shares held by Paradox. Mr. Kesner exercises no investment or voting power and disclaims beneficial ownership of the shares held by USL.