Filing Details

Accession Number:
0001422224-11-000019
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-09-09 16:31:31
Reporting Period:
2011-09-07
Filing Date:
2011-09-09
Accepted Time:
2011-09-09 16:31:31
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1342958 Digital Ally Inc DGLY Radio & Tv Broadcasting & Communications Equipment (3663) 200064269
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1008241 E Stanton Ross 8000 West 110Th Street
Suite 200
Overland Park KS 66210
Ceo, President & Chairman 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 Disposition 2011-09-07 2,500 $0.86 727,446 No 4 S Direct
Common Stock Disposition 2011-09-07 2,500 $0.93 724,946 No 4 S Direct
Common Stock Disposition 2011-09-07 5,000 $0.94 719,946 No 4 S Direct
Common Stock Disposition 2011-09-07 10,000 $0.95 709,946 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Footnotes
  1. Mr. Ross did not initiate the sales reported herein. He had pledged approximately 565,000 shares of his common stock to a financial institution as collateral for a personal loan. The financial institution notified Mr. Ross that he was in default under such loan earlier this year and that it intended to sell up to all of the pledged shares in satisfaction of the obligation. The financial institution now claims to have sold a portion of the pledged shares and provided the information that Mr. Ross used as a basis for this Report. Therefore, Mr. Ross cannot verify the information regarding such sales. Mr. Ross does not agree with the financial institution's actions regarding the obligation and the pledged shares. These actions are being contested in ongoing legal proceedings.