Filing Details

Accession Number:
0001441557-13-000087
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-11-27 14:15:16
Reporting Period:
2013-11-26
Filing Date:
2013-11-27
Accepted Time:
2013-11-27 14:15:16
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1362180 Psm Holdings Inc PSMH Mortgage Bankers & Loan Correspondents (6162) 900332127
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1493340 Michael Margolies 1615 Congress Ave.
Suite 103
Delray Beach FL 33445
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 Acquisiton 2013-11-26 4,500 $0.29 750,130 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 745,630 Direct
Common Stock 39,741 Indirect By LLC
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Preferred Series A Stock $0.00 2013-02-04 9,250,000 9,250,000 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
9,250,000 9,250,000 Indirect
Footnotes
  1. Shares held by LB Consulting, LLC of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
  2. No expiration date.
  3. The 3,700 shares of Series A Preferred Stock are convertible at the rate of 2,500 common for each share of preferred converted. The conversion rate is subject to change in the event of stock splits, dividends, reorganizations, or similar transactions, or if the Issuer issues shares below the conversion price.
  4. Preferred Series A Stock is convertible at no cost to the Preferred Shareholder.
  5. Preferred shares held by LB Merchant PSMH-1, LLC, of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.