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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1045942	Track Group Inc.	TRCK	Communications Equipment, Nec (3669)	870543981

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1559275	Ltd Asia Sapinda	Rooms 803-4, 8Th Floor Hang Seng Bank Bldg, 200 Hennessey Rd. Wanchai, Hong Kong K3 00000		No	No	Yes	No
1586481	Lars Windhorst	C/O Sapinda Asia Ltd, Rms 803-4, 8Th Flr Hang Seng Wanchai Bldg, 200 Hennesy Road Wanchai K3 00000		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
Common Stock	Acquisiton	2013-06-13	556,648	$7.50	5,155,739	No	5	P	Direct
Common Stock	Acquisiton	2013-06-14	64,923	$22.93	5,155,739	No	4	P	Direct
Common Stock	Acquisiton	2013-09-30	3,905,917	$4.50	5,155,739	No	5	C	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	5	P	Direct
No	4	P	Direct
No	5	C	Direct

Footnotes

This Form 5 is filed jointly by Sapinda Asia Limited ("Sapinda Asia") and Lars Windhorst (collectively, the "Reporting Persons"). As the sole shareholder of Sapinda Asia, Mr. Windhorst may be deemed to beneficially own the Common Stock beneficially owned by Sapinda Asia. Mr. Windhorst disclaims beneficial ownership of such shares of Common Stock except to the extent of his pecuniary interest therein.
Mr. Windhorst directly owns the 556,648 and 64,923 shares of Common Stock acquired on June 13, 2013 and June 14, 2013, respectively. The 5556,648 shares of common stock were subsequently sold by Mr. Windhorst on October 30, 2013.
On September 30, 2013, pursuant to the Loan and Security Agreement between Sapinda Asia and the Issuer, Sapinda Asia converted the entire principal of $16,640,000 and the accrued and unpaid interest under the loan into 3,905,917 shares of Common Stock.