Filing Details

Accession Number:
0001553350-18-001142
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-10-24 13:49:02
Reporting Period:
2018-10-23
Accepted Time:
2018-10-24 13:49:02
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1397047 Flexshopper Inc. FPAY Services-Equipment Rental & Leasing, Nec (7359) 205456087
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1569288 Howard Dvorkin 6360 Nw 5 Way
Fort Lauderdale FL 33309
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 Acquisiton 2018-10-23 20,000 $0.78 2,312,972 No 4 P Indirect See footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnotes
Footnotes
  1. The price range in Column 4 is actual price paid for Shares.. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of common stock purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4.
  2. The number of shares of common stock beneficially owned by the Reporting Person includes (i) 805,577 shares held of record by PITA Holdings LLC, a Florida LLC ("PITA"), and (ii) 1,507,395 shares of common stock held of record by NRNS Capital Holdings, LLC ("NRNS"). Beta Investment Group, Inc., a Florida corporation ("Beta"), is the manager of PITA Holdings LLC. Mr. Dvorkin is President of Beta and in such position has the right to direct the vote and disposition of securities owned by PITA. Mr. Dvorkin is the manager of NRNS and in such position has the right to direct the vote and disposition of securities owned by NRNS. Mr. Dvorkin disclaims beneficial ownership of the securities of the Issuer held of record by PITA or NRNS except to the extent of his pecuniary interest therein.
  3. Excludes 753,697 shares of the Issuer's common stock which are issuable upon the exercise of a common stock warrant held of record by NRNS. Under the terms of the warrant, the holder may not exercise the warrant to the extent such exercise would cause the holder, together with its affiliates, to beneficially own a number of shares of common stock which would exceed 4.99% of the Issuer's then outstanding shares of common stock following such exercise. This limitation may be increased to 9.99% at the holder's option upon 61 days notice to the Issuer.