Filing Details

Accession Number:
0001214659-12-000436
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-02-03 16:09:06
Reporting Period:
2012-02-03
Filing Date:
2012-02-03
Accepted Time:
2012-02-03 16:09:06
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1437283 Virtual Piggy Inc. VPIG.OB Services-Prepackaged Software (7372) 352327649
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1539266 Kirk Bradley 15 West Highland Avenue
Philadelphia PA 19118
No No No 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, Par Value $0.0001 Acquisiton 2012-02-03 178,572 $0.35 1,428,572 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 Warrants (Right to Buy) Disposition 2012-02-03 625,000 $0.00 625,000 $0.60
Common Stock Warrants (Right to Buy) Acquisiton 2012-02-03 714,286 $0.00 714,286 $0.50
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2011-12-19 2013-12-19 No 4 H Direct
714,286 2012-02-03 2013-12-19 No 4 P Direct
Footnotes
  1. The securities were originally acquired by Mr. Bradley on December 19, 2011 in a private placement offering by the Issuer. On January 11, 2012, the Issuer revised the terms of the offering to reflect (i) a reduction in the per unit purchase price from $0.80 to $0.70, (ii) an increase in the amount of units offered, and (iii) a reduction in the warrant exercise price from $0.60 to $0.50. On February 3, 2012. the Issuer entered into an amendment agreement with Mr. Bradley, pursuant to which the Company agreed to amend the terms of Mr. Bradley's securities purchase agreement to reflect the new offering terms resulting in the issuance of an additional 178,572 shares of common stock and warrants to purchase an additional 89,286 shares of common stock. In addition, the exercise price of the warrants was reduced from $0.60 per share to $0.50 per share.