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Filing Details

Accession Number:: 0001354488-14-004697
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-09-18 16:16:51
Reporting Period:: 2014-07-22

Filing Date:: 2014-09-18
Accepted Time:: 2014-09-18 16:16:51
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1071411	Fusion Telecommunications International Inc	FSNN	Telephone Communications (No Radiotelephone) (4813)	582342021

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1317809	Phillip Turits	C/O Fusion Telecommunications 420 Lexington Avenue, Suite #1718 New York NY 10170	Treasurer And Secretary	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2014-07-22	7,500	$5.00	0	No	4	S	Direct
Common Stock	Disposition	2014-08-28	4,155	$5.00	95,828	No	4	S	Direct
Common Stock	Disposition	2014-09-08	16,311	$0.00	17,194	No	4	S	Indirect	By son
Common Stock	Disposition	2014-09-12	11,943	$0.00	21,562	No	4	S	Indirect	By Daughter

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct
No	4	S	Indirect	By son
No	4	S	Indirect	By Daughter

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrants	Acquisiton	2014-09-18	0	$0.00	0	$0.00
Common Stock	Options	Acquisiton	2014-09-18	2,800	$0.00	0	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	A	Direct
0			No	4	A	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Nature of Ownership
Common Stock	Series A-1 Preferred Stock	$82.50	2014-09-18	2014-09-18	303	Direct
Common Stock	Series A-2 Preferred Stock	$41.50	2014-09-18	2014-09-18	723	Direct
Common Stock	Series B-2 Preferred Stock	$6.25	2014-09-18	2014-09-18	1,280	Direct

Expiration Date	Amount	Nature of Ownership
2014-09-18	303	Direct
2014-09-18	723	Direct
2014-09-18	1,280	Direct

Footnotes

On May 13, 2014, Fusion completed a 50 for 1 reverse stock split. All numbers reported on this form give effect to that reverse stock split.
These shares have been transferred in settlement of a debt. Actual price can?t be determined until they are sold by the creditor.
Since September 8, 2014, James Turits has sold a total of 16,311 shares of the Company?s common stock on the following dates and at the following prices: September 8, 2014, 1,000 shares at $4.50 per share; September 10, 2014, 4,000 shares at $4.45 per share and 400 shares at $4.40 per share; September 11, 3,000 shares at $4.65 per share and 2,000 shares at $4.40 per share; September 12, 2014, 2,000 at $4.60 per share and 911 shares at $4.65 per share; September 15, 2014, 1,000 shares at $4.65 per share and 600 shares at $4.70 per share; and on September 16, 2014, 900 shares at $4.65 per share and 500 shares at $4.60 per share.
Since September 12, 2014, Isabelle Turits has sold a total of 11,943 shares of the Company?s common stock on the following dates and at the following prices: September 12, 2014, 1,200 shares at $4.70 per share; September 15, 2014, 1,000 shares at $4.50 per share and 743 at $4.75 per share; September 16, 2014, 1,734 shares at $4.6035 per share and 266 shares $4.60 per share; September 17, 2014, 2,506 shares at $4.76 per share, 662 shares at $4.75 per share, 300 shares at $4.77 per share, 276 shares at $4.80 per share, 238 at $4.82 per share and 18 shares at $4.76 per share; and on September 18, 2014, 2,000 shares at $4.70 per share and 1,000 shares at $4.75 per share.
Mr. Turits disclaims beneficial ownership of these shares.
In connection with the various purchases of the Company?s Preferred Shares, such shares have come with warrants to purchase shares of the Company?s common stock. Mr. Turits currently has the following warrants: warrants to purchase 361 shares at $41.50 per share which expire on November 9, 2014; warrants to purchase 366 shares at $6.85 per share which expire on October 22, 2017; warrants to purchase 111 shares at $10.80 per share which expire on November 16, 2014; warrants to 4,875 shares at $9.60 per share that expire on November 18, 2014; warrants to purchase 666 shares at $7.00 per share that expire on February 3, 2015; warrants to purchase 762 shares at $4.70 per share that expire on July 1, 2018; warrants to purchase 128 shares at $6.25 per share that expire on December 31, 2018; and warrants to purchase 192 shares at $6.25 per share that expire on January 24, 2019.
During the past six years, Mr. Turits has received the grant of stock options in connection with his service as a Director to the Company. These option grants were apparently not previously reported on a Form 4 or Form 5. These grants were as follows: March 26, 2008, 400 shares at a strike price of $15.50 per share; March 26, 2009, 400 shares at a strike price of $5.50 per share; April 14, 2010, 500 shares at a strike price of $6.00 per share; October 19, 2011, 500 shares at a strike price of $4.50 per share; October 17, 2012, 500 shares at a strike price of $5.50 per share; and January 15, 2014, 500 shares at a strike price of $7.00 per share. Each of these options were immediately exercisable and expire on the seventh anniversary of their issue date.