Filing Details

Accession Number:
0001213900-16-014569
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-06-29 10:24:01
Reporting Period:
2015-12-16
Filing Date:
2016-06-29
Accepted Time:
2016-06-29 10:24:01
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1462223 Truli Media Group Inc. TRLI () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1124277 Jay Michael Solomon 1638 Tower Grove Drive,
Beverly Hills CA 92010
Chief Executive Officer Yes Yes 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 2015-12-16 27,798 $0.90 892,676 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock 4% Convertible Note Acquisiton 2015-12-16 97,796,695 $1,955,933.91 97,796,695 $0.02
Common Stock Option to Purchase 4% Convertible Note Disposition 2015-12-17 4,889,834 $10.00 4,889,834 $0.02
Common Stock 4% Convertible Note Acquisiton 2016-01-27 4,889,834 $1,955,933.91 4,889,834 $0.02
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2015-12-16 2020-12-01 No 4 J Direct
0 2015-12-17 2020-12-01 No 4 J Direct
0 2015-12-16 2020-12-01 No 4 J Direct
Footnotes
  1. Reporting person, Michael Jay Solomon received 27,798 shares of common stock in exchange for payment of past due invoices of $25,000 on behalf of the issuer.
  2. Represents convertible note in aggregate principal of $1,955,933.91 and accruing interest at 4.0% per annum issued in exchange for a promissory note held by reporting person for the same amount (principal and interest). The note is convertible into common stock and may be converted on demand by the holder, subject to certain beneficial ownership limitations.
  3. Represents an option issued to a third-party to purchase up to 5% of the outstanding principal and interest of the 4% convertible note held by reporting person at an aggregate price of $10.00.
  4. The amount of shares of common stock underlying the option is equal to 5% of the outstanding principal and interest on the date of the notice of exercise by the option holder.
  5. Represents the cancellation of the option to purchase the 4% convertible note held by a third-party and as described in Footnotes (3) and (4) above. The amount of the note and shares issuable pursuant to conversion thereunder are based on the principal amount on the date of issuance of the note.