Filing Details
- Accession Number:
- 0001140361-10-010555
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-03-08 12:00:00
- Reporting Period:
- 2008-06-13
- Filing Date:
- 2010-03-08
- Accepted Time:
- 2010-03-08 14:34:40
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1120792 | Nfinanse Inc. | NFSE | Short-Term Business Credit Institutions (6153) | 651071956 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1384679 | E Bruce Terker | 3923 Coconut Palm Drive Suite 107 Tampa FL 33619 | Yes | 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 | 2008-06-13 | 400,000 | $2.50 | 535,203 | No | 4 | J | Indirect | (1) |
| Common Stock | Acquisiton | 2008-10-31 | 26,982 | $2.44 | 562,185 | No | 4 | P | Indirect | (2) |
| Common Stock | Acquisiton | 2009-05-05 | 69,990 | $0.95 | 632,175 | No | 4 | P | Indirect | (3) |
| Series C Preferred Stock | Acquisiton | 2008-06-13 | 250,000 | $2.00 | 250,000 | No | 4 | P | Direct | |
| Series C Preferred Stock | Acquisiton | 2008-06-13 | 625,000 | $2.00 | 875,000 | No | 4 | P | Indirect | (4) |
| Series D Preferred Stock | Acquisiton | 2009-08-21 | 755,179 | $3.00 | 755,179 | No | 4 | P | Indirect | (5) |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | J | Indirect | (1) |
| No | 4 | P | Indirect | (2) |
| No | 4 | P | Indirect | (3) |
| No | 4 | P | Direct | |
| No | 4 | P | Indirect | (4) |
| No | 4 | P | Indirect | (5) |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Warrant Shares | Warrant Shares | Acquisiton | 2008-06-13 | 125,000 | $0.01 | 125,000 | $0.01 |
| Warrant Shares | Warrant Shares | Acquisiton | 2008-06-13 | 112,500 | $0.01 | 112,500 | $0.01 |
| Warrant Shares | Warrant Shares | Acquisiton | 2008-07-21 | 65,000 | $0.01 | 65,000 | $0.01 |
| Warrant Shares | Warrant Shares | Acquisiton | 2008-11-26 | 50,000 | $0.01 | 50,000 | $0.01 |
| Warrant Shares | Warrant Shares | Acquisiton | 2008-12-29 | 50,000 | $0.01 | 50,000 | $0.01 |
| Warrant Shares | Warrant Shares | Acquisiton | 2009-01-23 | 100,000 | $0.01 | 100,000 | $0.01 |
| Warrant Shares | Warrant Shares | Acquisiton | 2009-05-07 | 100,000 | $0.01 | 100,000 | $0.01 |
| Warrant Shares | Warrant Shares | Acquisiton | 2009-05-08 | 333,333 | $0.01 | 333,333 | $0.01 |
| Warrant Shares | Warrant Shares | Acquisiton | 2009-06-04 | 50,000 | $0.01 | 50,000 | $0.01 |
| Warrant Shares | Warrant Shares | Acquisiton | 2009-06-11 | 2,160,000 | $0.01 | 2,160,000 | $0.01 |
| Warrant Shares | Warrant Shares | Acquisiton | 2009-08-07 | 666,666 | $0.01 | 666,666 | $0.01 |
| Warrant Shares | Warrant Shares | Acquisiton | 2009-08-21 | 7,524,290 | $0.01 | 7,524,290 | $0.01 |
| Warrant Shares | Warrant Shares | Acquisiton | 2009-12-01 | 27,500 | $0.01 | 27,500 | $0.01 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 608,912 | 2008-06-13 | 2013-06-13 | No | 4 | A | Direct |
| 721,412 | 2008-06-13 | 2013-06-13 | No | 4 | A | Indirect |
| 786,412 | 2008-07-21 | 2013-07-21 | No | 4 | A | Indirect |
| 836,412 | 2008-11-26 | 2010-11-26 | No | 4 | A | Indirect |
| 886,412 | 2008-12-29 | 2010-12-29 | No | 4 | A | Indirect |
| 986,412 | 2009-01-23 | 2011-01-23 | No | 4 | A | Indirect |
| 1,086,412 | 2009-05-07 | 2014-05-07 | No | 4 | A | Indirect |
| 1,419,745 | 2009-05-08 | 2014-05-08 | No | 4 | A | Indirect |
| 1,469,745 | 2009-06-04 | 2014-06-04 | No | 4 | A | Indirect |
| 3,629,745 | 2009-06-11 | 2014-06-11 | No | 4 | A | Indirect |
| 4,296,411 | 2009-08-07 | 2014-08-07 | No | 4 | A | Indirect |
| 11,820,701 | 2010-02-23 | 2014-08-21 | No | 4 | A | Indirect |
| 11,848,201 | 2010-02-23 | 2014-12-01 | No | 4 | A | Indirect |
Footnotes
- Pursuant to the Securities Exchange Agreement dated June 13, 2008, Mr. Terker exchanged the Common Stock for Series C Convertible Preferred Stock. Represents 180,000 shares of common stock beneficially owned by Ballyshannon Partners, LP, 120,000 shares of common stock beneficially owned by Ballyshannon Family Partnership, LP and 100,000 shares of common stock beneficially owned by Geewax, Terker and Co. PS Plan and Trust, over which Mr. Terker has voting power. Mr. Terker disclaims beneficial ownership of the securities held by these entities except for his pecuniary interests therein.
- Represents 16,106 shares of common stock beneficially owned by Ballyshannon Partners, LP, 4,677 shares of common stock beneficially owned by Ballyshannon Family Partnership, LP and 6,199 shares of common stock beneficially owned by Argosy Capital Group II, LP, over which Mr. Terker has voting power. Mr. Terker disclaims beneficial ownership of the securities held by these entities except for his pecuniary interests therein.
- Represents 41,778 shares of common stock beneficially owned by Ballyshannon Partners, LP, 12,132 shares of common stock beneficially owned by Ballyshannon Family Partnership, LP and 16,080 shares of common stock beneficially owned by Argosy Capital Group II, LP, over which Mr. Terker has voting power. Mr. Terker disclaims beneficial ownership of the securities held by these entities except for his pecuniary interests therein.
- Represents 225,000 shares of Series C Preferred Stock beneficially owned directly by Ballyshannon Family Partnership LP, 225,000 shares of Series C Preferred Stock beneficially owned directly by Ballyshannon Partners LP, 50,000 shares of Series C Preferred Stock beneficially owned directly by Cynthia Terker and 125,000 shares of Series C Preferred Stock beneficially owned directly by Argosy Capital Group III LP, over which Mr. Terker holds voting power. Mr. Terker disclaims beneficial ownership of the securities held by these entities except for his pecuniary interest therein.
- Represents 102,363 shares of Series D Preferred Stock beneficially owned directly by Ballyshannon Family Partnership LP and 607,177 shares of Series D Preferred Stock beneficially owned directly by Ballyshannon Partners LP, 11,333 shares of Series D Preferred Stock beneficially owned directly by Cynthia Terker, 34,306 shares of Series D Preferred Stock beneficially owned directly by Odyssey Capital Group, LP, over which Mr. Terker holds voting power. Mr. Terker disclaims beneficial ownership of the securities held by these entities except for his pecuniary interest therein.
- Represents warrants to purchase 8,901,770 shares of common stock held by Ballyshannon Partners LP, warrants to purchase 1,910,296 shares of common stock held by Ballyshannon Family Partnership LP, warrants to purchase 62,500 shares of common stock held by Argosy Capital Group III LP, warrants to purchase 676,393 shares of common stock held by Odyssey Capital Group LP and warrants to purchase 138,330 shares of common stock held by Cynthia Terker. Mr. Terker will hold voting power in these shares if the warrant is exercised. Mr. Terker disclaims beneficial ownership of the securities held by these entities except for his pecuniary interests therein.
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