Home > Insider Trading > Filing (0001144204-11-032067)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1062273	Socialwise Inc. (Formerly Known As Ideaedge Inc)	SCLW.OB	Retail-Retail Stores, Nec (5990)	330756798

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
905536	Isaac Blech	75 Rockefeller Plaza, 29Th Floor New York NY 10019		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, Par Value $0.001 Per Share	Acquisiton	2011-05-20	12,500,000	$0.40	17,500,000	No	4	P	Indirect	By Trusts

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

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $0.001 Per Share	Warrant (right to buy)	Acquisiton	2011-05-20	12,500,000	$0.00	12,500,000	$0.40

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2016-05-20	No	4	P	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.001 Per Share	5,000,000	Direct

Footnotes

The Warrant provides an exercise limitation to the extent that the number of shares of Common Stock to be issued pursuant to such exercise would exceed, when aggregated with all other shares of Common Stock beneficially owned by the Reporting Person, the number of shares of Common Stock that would result in the Reporting Person owning in excess of 4.99% of the then issued and outstanding shares of Common Stock. The Reporting Person may waive this limitation on 61 days' prior notice to the Company, and any such waiver will not be effective until the 61st day after such notice is delivered. In no event may the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares upon exercise of the Warrant held by the warrant holder exceed 9.99%. As a result of this exercise limitation (which has not been waived), the Warrant is not exercisable within 60 days, and therefore are not beneficially owned by the Reporting Person.