Filing Details

Accession Number:
0001213900-19-004711
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-03-22 19:00:08
Reporting Period:
2019-03-20
Accepted Time:
2019-03-22 19:00:08
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1397047 Flexshopper Inc. FPAY Services-Equipment Rental & Leasing, Nec (7359) 205456087
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1569288 Howard Dvorkin C/O Flexshopper, Inc.
2700 North Military Trail, Ste. 200
Boca Raton FL 33431
Yes 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 Explanation
Common Stock Acquisiton 2019-03-22 15,000 $0.85 1,292,857 No 4 P Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Warrants (right to buy) Acquisiton 2019-03-20 30,000 $0.28 30,000 $1.25
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
30,000 2018-09-28 2023-09-28 No 4 P Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 1,601,573 Indirect See footnote
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Warrants (right to buy) $1.25 2018-09-28 2023-09-28 753,697 753,697 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
2023-09-28 753,697 753,697 Indirect
Footnotes
  1. Held of record by PITA Holdings, LLC ("PITA"). The manager of PITA is Beta Investment Group, Inc. ("Beta"), of which the reporting person is the President. The reporting person disclaims beneficial ownership of the securities of the Issuer held of record by PITA except to the extent of his pecuniary interest therein.
  2. Held of record by NRNS Capital Holdings, LLC ("NRNS"), of which the reporting person is the manager. The reporting person disclaims beneficial ownership of the securities of the Issuer held of record by NRNS except to the extent of his pecuniary interest therein.
  3. Under the terms of the warrants, the holder may not exercise the warrants to the extent such exercise would cause the holder, together with its affiliates, to beneficially own a number of shares of common stock which would exceed 4.99% of FlexShopper, Inc.'s then outstanding shares of common stock following such exercise. This limitation may be increased to 9.99% at the holder's option upon 61 days notice to FlexShopper, Inc.