Filing Details
- Accession Number:
- 0001144204-15-015583
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-03-12 12:56:38
- Reporting Period:
- 2014-02-13
- Filing Date:
- 2015-03-12
- Accepted Time:
- 2015-03-12 12:56:38
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1294649 | Patent Properties Inc. | PPRO | Patent Owners & Lessors (6794) | 300342273 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1083763 | S Jay Walker | Two High Ridge Park Stamford CT 06905 | No | No | Yes | No | |
| 1584129 | Walker Digital, Llc | Two High Ridge Park Stamford CT 06905 | No | No | Yes | No | |
| 1587534 | Jsw Investments, Llc | Two High Ridge Park Stamford CT 06905 | 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 | Disposition | 2014-02-13 | 5,000,000 | $3.00 | 2,667,667 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2014-02-13 | 5,000,000 | $3.00 | 2,667,667 | No | 4 | S | Indirect | JSW Investments, LLC |
| Common Stock | Disposition | 2014-02-13 | 5,000,000 | $3.00 | 2,667,667 | No | 4 | S | Indirect | Jay S. Walker |
| Common Stock | Disposition | 2014-04-04 | 309,167 | $3.00 | 2,358,500 | No | 4 | J | Direct | |
| Common Stock | Disposition | 2014-04-04 | 309,167 | $3.00 | 2,358,500 | No | 4 | J | Indirect | JSW Investments, LLC |
| Common Stock | Disposition | 2014-04-04 | 309,167 | $3.00 | 2,358,500 | No | 4 | J | Indirect | Jay S. Walker |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | S | Indirect | JSW Investments, LLC |
| No | 4 | S | Indirect | Jay S. Walker |
| No | 4 | J | Direct | |
| No | 4 | J | Indirect | JSW Investments, LLC |
| No | 4 | J | Indirect | Jay S. Walker |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Series B Convertible Preferred Stock | $0.00 | 14,999,000 | 14,999,000 | Direct | ||
| Common Stock | Series B Convertible Preferred Stock | $0.00 | 14,999,000 | 14,999,000 | Indirect | ||
| Common Stock | Series B Convertible Preferred Stock | $0.00 | 14,999,000 | 14,999,000 | Indirect |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 14,999,000 | 14,999,000 | Direct | |
| 14,999,000 | 14,999,000 | Indirect | |
| 14,999,000 | 14,999,000 | Indirect |
Footnotes
- On February 11, 2014, we announced that Patent Properties entered into a Registration Rights Agreement dated as of February 10, 2014 in connection with the sale by Walker Digital. LLC of an aggregate of 5 million shares of common stock at $3.00 per share to a group of accredited investors.
- By Walker Digital, LLC.
- On April 4, 2014, Walker Digital transferred 309,167 shares of the Issuer's outstanding shares of Common Stock to Mr. Gary Greene in a private transaction in connection with the settlement of certain employment related matters. No cash consideration was received or paid in such transfer.
- Each share of Series B Convertible Preferred Stock is convertible, at the option of the reporting person, at any time and from time to time, into one (1) share of Issuer's common stock.
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