Filing Details

Accession Number:
0001213900-15-006904
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-09-11 15:30:17
Reporting Period:
2015-09-09
Filing Date:
2015-09-11
Accepted Time:
2015-09-11 15:30:17
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
846377 Source Financial Inc. SRCF Short-Term Business Credit Institutions (6153) 800142655
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1599545 Hugh Evans Level 6/97 Pacific Highway
North Sydney Nsw C3 2060
President And Ceo Yes Yes 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 Acquisiton 2015-09-09 960,000 $0.00 960,000 No 4 A Direct
Common Stock Acquisiton 2013-06-30 2,101,650 $0.00 2,101,650 No 4 J Indirect See Footnote
Series B Preferred Stock Acquisiton 2013-06-30 5,000 $0.00 5,000 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 J Indirect See Footnote
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Options (right to purchase) Acquisiton 2015-09-09 1,000,000 $0.00 1,000,000 $0.44
Common Stock Stock Options (right to purchase) Acquisiton 2015-09-09 200,000 $0.00 200,000 $0.44
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,000,000 2016-03-09 2025-08-31 No 4 A Direct
200,000 2016-03-09 2025-09-09 No 4 A Indirect
Footnotes
  1. Represents shares granted pursuant to stock award.
  2. Shares acquired pursuant to the share exchange with Moneytech Ltd.
  3. Consists of 2,001,514 shares registered in the name of BIX Holdings Pty Ltd ATF The Atherstone Trust & The Evans Family Superannuation Trust, a family trust of which Mr. Evans is the trustee, and 100,136 shares registered in the name of Mr. Evan's wife.
  4. The Series B Preferred Stock is not convertible into shares of common stock, or entitled to receive dividends. Until June 30, 2018, holders of Series B Preferred Stock are entitled to elect a majority of the Board of Directors and vote together with holders of common stock as a single class on all other matters presented to holders of common stock, with each vote per Series B Share equal to 1,000 shares of common stock.
  5. Options vest on the last day of each calendar month over a period of two years commencing October 31, 2015 until fully vested on September 30, 2017, but may only be exercised (to the extent then vested) commencing March 9, 2016.
  6. Represents options granted to the wife of Mr. Evans.