Filing Details

Accession Number:
0001144204-13-017620
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-03-26 18:18:09
Reporting Period:
2013-02-27
Filing Date:
2013-03-26
Accepted Time:
2013-03-26 18:18:09
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1097792 Dubli Inc. DUBL Services-Business Services, Nec (7389) 134067623
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1475599 Michael Hansen The Palm Jumeirah
P.o. Box 283612
Dubai C0
President And Ceo 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 2013-02-27 25,000,000 $0.00 94,778,537 No 4 A Direct
Common Stock Acquisiton 2013-03-22 10,000,000 $0.25 104,778,537 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (right to buy) Disposition 2013-02-27 15,000,000 $0.00 23,041,767 $0.15
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
8,041,767 2011-12-31 2021-05-14 No 4 D Direct
Footnotes
  1. In connection with the Reporting Person's entry into a new employment agreement with DubLi, Inc. (the "Company"), on February 27, 2013, the Company issued 25 million restricted shares of common stock of the Company to the Reporting Person. The Reporting Person's interest in the shares of common stock will vest as to 2.5 million shares on September 30, 2013 and the remaining 22.5 million shares will vest at the rate of 2.5 million shares on March 31 and September 30 of each year, beginning on March 31, 2014, until all shares have vested for so long as his agreement remains in effect.
  2. The option vested as to five million shares on each of December 31, 2011 and 2012, and would have vested as to five million shares on each of December 31, 2013, 2014 and 2015. In connection with the Reporting Person's entry into a new employment agreement with the Company, on February 27, 2013, the Reporting Person relinquished his rights to the remaining 15 million unvested shares underlying the option.