Filing Details
- Accession Number:
- 0001213900-18-001694
- Form Type:
- 5
- Zero Holdings:
- No
- Publication Time:
- 2018-02-13 16:44:32
- Reporting Period:
- 2017-12-31
- Accepted Time:
- 2018-02-13 16:44:32
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1566826 | Nxt-Id Inc. | NXTD | () | 5 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1480147 | Joseph Michael Orlando | 285 North Drive- Suite D Melbourne FL 32934 | Chief Operating Officer | 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 | 2017-05-23 | 983,611 | $0.00 | 983,611 | No | 4 | A | Direct | |
| Common Stock | Acquisiton | 2017-10-02 | 25,331 | $0.00 | 1,008,942 | No | 4 | A | Direct | |
| Common Stock | Acquisiton | 2017-12-07 | 250,000 | $0.00 | 1,258,942 | No | 4 | A | Direct | |
| Common Stock | Acquisiton | 2017-12-15 | 6,333 | $0.00 | 1,265,275 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2017-12-20 | 10,000 | $2.95 | 1,255,275 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2017-12-31 | 44,330 | $0.00 | 1,299,605 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2018-01-16 | 10,000 | $2.82 | 1,289,605 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | S | Direct | |
| No | 4 | A | Direct | |
| No | 4 | S | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| No Securities Are Beneficially Owned | 0 | Direct |
Footnotes
- The reporting person was appointed the Chief Operating Officer of the issuer on May 19, 2017 and was appointed to serve as a member of the board of the directors of the issuer effective as of June 30, 2017.
- Received in exchange for 983,611 shares of Fit Pay, Inc. ("Fit Pay") common stock in connection with the merger (the "Merger") of Fit Pay into Nxt-ID, Inc. ("Nxt-ID"). On the effective date of the Merger, the closing price of Nxt-ID's common stock was $1.72 per share and the price of Fit Pay's common stock was valued at $0.53 per share.
- Restricted shares of Fit Pay common stock granted to the reporting person prior to the Merger as compensation for his services as chief executive officer of Fit Pay, which shares vested on October 2, 2017, December 15, 2017 and December 31, 2017, respectively, and were granted to the reporting person as shares of Nxt-ID common stock.
- Shares sold by Mr. Orlando pursuant to a Rule10b5-1 trading plan adopted by the reporting person on December 14, 2017.
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