Filing Details
- Accession Number:
- 0001144204-14-003117
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-01-21 16:17:36
- Reporting Period:
- 2014-01-16
- Filing Date:
- 2014-01-21
- Accepted Time:
- 2014-01-21 16:17:36
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1383825 | Net Talk.com Inc. | NTLK | Communications Services, Nec (4899) | 204830633 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1341950 | Vicis Capital, Llc | 445 Park Avenue Suite 1043 New York NY 10022 | No | No | No | Yes | |
| 1365954 | Fund Master Capital Vicis | 445 Park Avenue Suite 1043 New York NY 10022 | No | No | No | Yes |
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 | 2014-01-16 | 19,995,092 | $0.00 | 0 | No | 4 | S | Indirect | By Vicis Capital Master Fund |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | By Vicis Capital Master Fund |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Series E Warrant to purchase Common Stock | Disposition | 2014-01-16 | 10,000,000 | $0.00 | 10,000,000 | $0.50 |
| Common Stock | Series E Warrant to purchase Common Stock | Disposition | 2014-01-16 | 8,000,000 | $0.00 | 8,000,000 | $0.50 |
| Common Stock | Series A Convertible Preferred Stock | Disposition | 2014-01-16 | 500 | $0.00 | 20,000,000 | $0.25 |
| Common Stock | Series D Warrant to purchase Common Stock | Disposition | 2014-01-16 | 28,800,000 | $0.00 | 28,800,000 | $0.50 |
| Common Stock | Series D Warrant to purchase Common Stock | Disposition | 2014-01-16 | 8,000,000 | $0.00 | 8,000,000 | $0.50 |
| Common Stock | Series E Warrant to purchase Common Stock | Disposition | 2014-01-16 | 22,064,250 | $0.00 | 22,064,250 | $0.50 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2016-09-30 | No | 4 | S | Indirect | |
| 0 | 2016-08-16 | No | 4 | S | Indirect | |
| 0 | No | 4 | S | Indirect | ||
| 0 | 2015-02-24 | No | 4 | S | Indirect | |
| 0 | 2015-10-26 | No | 4 | S | Indirect | |
| 0 | 2016-06-30 | No | 4 | S | Indirect |
Footnotes
- Represents the indirect holdings of Vicis Capital, LLC. All of the foregoing represents securities held directly by Vicis Capital Master Fund. Vicis Capital, LLC acts as investment advisor to Vicis Capital Master Fund and therefore has voting and dispositive power over all the foregoing shares. For the purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, Vicis Capital, LLC may be deemed to be the beneficial owner of, but hereby disclaims such beneficial ownership of, the foregoing shares.
- Immediately.
- None.
- Pursuant to an agreement executed on January 16, 2014, and effective as of December 31, 2013, the Issuer redeemed all securities of the Issuer held by Vicis Capital Master Fund in exchange for a 6% secured promissory note in the principal amount of $3,000,000 .
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