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Filing Details

Accession Number:: 0001441557-15-000006
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-03-02 11:48:15
Reporting Period:: 2015-02-26

Filing Date:: 2015-03-02
Accepted Time:: 2015-03-02 11:48:15
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1362180	Psm Holdings Inc	PSMH	Mortgage Bankers & Loan Correspondents (6162)	900332127

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1493340	Michael Margolies	1615 Congress Ave. Suite 103 Delray Beach FL 33445		Yes	No	Yes	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	Acquisiton	2015-02-26	10,000	$0.05	10,000	No	4	P	Indirect	Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	175,000	Direct
Common Stock	39,741	Indirect	LLC

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Preferred Series A	$0.12	2013-02-04		30,833,333	30,833,333	Indirect
Common Stock	Preferred Series C	$0.04	2014-04-01		45,000,000	22,500,000	Indirect
Common Stock	Warrants	$0.44	2013-02-05	2018-02-05	695,630	695,630	Direct
Common Stock	Warrants	$0.24	2014-02-13	2019-02-13	50,000	745,630	Direct
Common Stock	Warrants	$0.24	2014-03-13	2019-03-13	50,000	50,000	Indirect
Common Stock	Warrants	$0.09	2014-04-01	2019-04-01	1,985,990	2,731,620	Direct
Common Stock	Preferred Series E	$0.01	2014-11-24		61,250,000	61,250,000	Indirect
Common Stock	Preferred Series E	$0.01	2014-12-15		21,000,000	82,250,000	Indirect
Common Stock	Warrants	$0.01	2014-12-15	2019-12-15	10,000,000	12,731,620	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	30,833,333	30,833,333	Indirect
	45,000,000	22,500,000	Indirect
2018-02-05	695,630	695,630	Direct
2019-02-13	50,000	745,630	Direct
2019-03-13	50,000	50,000	Indirect
2019-04-01	1,985,990	2,731,620	Direct
	61,250,000	61,250,000	Indirect
	21,000,000	82,250,000	Indirect
2019-12-15	10,000,000	12,731,620	Direct

Footnotes

Shares held by LB Consulting, LLC of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
The 3,700 shares of Series A Convertible Preferred Stock are convertible at a rate of .01 shares of Common Stock for each share of preferred stock converted. On November 24, 2014 and pursuant to the provisions of the Certificate of Designation for the Series A Preferred Stock regarding adjustments in conversion price, because the Company issued and sold additional shares at a price less than the current $0.24 conversion price of the Series A Preferred Stock the conversion price was adjusted to $0.10 per share. After this adjustment to the conversion price of the Series A Preferred Stock.
No expiration date.
Preferred shares held by LB Merchant PSMH-1, LLC, of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
The 1,800 shares of Series C Convertible Preferred Stock are convertible at a rate of 25,000 shares of Common Stock for each share of preferred stock converted. On November 24, 2014 and pursuant to the provisions of the Certificate of Designation for the Series C Preferred Stock regarding adjustments in conversion price, because the Company issued and sold additional shares at a price less than the current $0.08 conversion price of the Series C Preferred Stock, the conversion price was adjusted to $0.04 per share.
Preferred shares held by LB Merchant PSMH-2, LLC, of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
Warrants held by LB Merchant PSMH-1, LLC, of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein
The 612.5 shares of Series E Convertible Preferred Stock are convertible at a rate of 100,000 shares of Common Stock for each share of preferred stock converted.
Preferred Shares held by LB Merchant PSMH-3, LLC, of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
The 210 shares of Series E Convertible Preferred Stock are convertible at a rate of 100,000 shares of Common Stock for each share of preferred stock converted.