Filing Details
- Accession Number:
- 0001010412-18-000026
- Form Type:
- 4/A
- Zero Holdings:
- No
- Publication Time:
- 2018-06-21 13:54:35
- Reporting Period:
- 2018-04-24
- Accepted Time:
- 2018-06-21 13:54:35
- Original Submission Date:
- 2017-12-18
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 845819 | Konatel Inc. | KTEL | Crude Petroleum & Natural Gas (1311) | 800000245 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1439800 | S Mark Savage | 13911 Ridgedale Drive, Suite 375 Minnetonka MN 55305 | 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 | Disposition | 2018-04-24 | 12,100,000 | $0.00 | 0 | No | 4 | J | Indirect | M2 Equity Partners LLC |
| Common Stock | Acquisiton | 2018-04-24 | 3,950,000 | $0.00 | 3,950,000 | No | 4 | J | Direct | |
| Common Stock | Acquisiton | 2018-06-08 | 50,000 | $0.20 | 4,000,000 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | J | Indirect | M2 Equity Partners LLC |
| No | 4 | J | Direct | |
| No | 4 | P | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Options | $0.22 | 2018-03-18 | 2023-03-18 | 31,250 | 31,250 | Direct |
| Common Stock | Options | $0.22 | 2018-06-18 | 2023-06-18 | 31,250 | 62,500 | Direct |
| Common Stock | Options | $0.22 | 2018-09-18 | 2023-09-18 | 31,250 | 93,750 | Direct |
| Common Stock | Options | $0.22 | 2018-12-18 | 2023-12-18 | 31,250 | 125,000 | Direct |
| Common Stock | Options | $0.22 | 2019-03-18 | 2024-03-18 | 31,250 | 156,250 | Direct |
| Common Stock | Options | $0.22 | 2019-06-18 | 2024-06-18 | 31,250 | 187,500 | Direct |
| Common Stock | Options | $0.22 | 2019-09-18 | 2024-09-18 | 31,250 | 218,750 | Direct |
| Common Stock | Options | $0.22 | 2019-12-18 | 2024-12-18 | 31,250 | 250,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2023-03-18 | 31,250 | 31,250 | Direct |
| 2023-06-18 | 31,250 | 62,500 | Direct |
| 2023-09-18 | 31,250 | 93,750 | Direct |
| 2023-12-18 | 31,250 | 125,000 | Direct |
| 2024-03-18 | 31,250 | 156,250 | Direct |
| 2024-06-18 | 31,250 | 187,500 | Direct |
| 2024-09-18 | 31,250 | 218,750 | Direct |
| 2024-12-18 | 31,250 | 250,000 | Direct |
Footnotes
- On April 24, 2018, the 12,100,000 shares of our common stock that were acquired by M2 Equity Partners, LLC, under a Common Stock Purchase Agreement were distributed to its members, pro rata, in accordance with their respective membership interests. This action was approved by the requisite members to M2 Equity Partners, LLC, on April 9, 2018. All of these transferred shares remain subject to the Shareholder Voting Agreement and the Lock-Up/Leak-Out Agreement, see Exhibit 9 to the Amended Current Report on Form 8-K/A dated November 15, 2017, and filed with the Securities and Exchange Commission on December 20, 2017.
- Number of shares Mr. Savage received in the M2 Equity Partners LLC distribution on April 24, 2018. See Footnote 1.
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