Filing Details
- Accession Number:
- 0001214659-12-000436
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2012-02-03 16:09:06
- Reporting Period:
- 2012-02-03
- Filing Date:
- 2012-02-03
- Accepted Time:
- 2012-02-03 16:09:06
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1437283 | Virtual Piggy Inc. | VPIG.OB | Services-Prepackaged Software (7372) | 352327649 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1539266 | Kirk Bradley | 15 West Highland Avenue Philadelphia PA 19118 | No | No | 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, Par Value $0.0001 | Acquisiton | 2012-02-03 | 178,572 | $0.35 | 1,428,572 | No | 4 | P | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Warrants (Right to Buy) | Disposition | 2012-02-03 | 625,000 | $0.00 | 625,000 | $0.60 |
Common Stock | Warrants (Right to Buy) | Acquisiton | 2012-02-03 | 714,286 | $0.00 | 714,286 | $0.50 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
0 | 2011-12-19 | 2013-12-19 | No | 4 | H | Direct |
714,286 | 2012-02-03 | 2013-12-19 | No | 4 | P | Direct |
Footnotes
- The securities were originally acquired by Mr. Bradley on December 19, 2011 in a private placement offering by the Issuer. On January 11, 2012, the Issuer revised the terms of the offering to reflect (i) a reduction in the per unit purchase price from $0.80 to $0.70, (ii) an increase in the amount of units offered, and (iii) a reduction in the warrant exercise price from $0.60 to $0.50. On February 3, 2012. the Issuer entered into an amendment agreement with Mr. Bradley, pursuant to which the Company agreed to amend the terms of Mr. Bradley's securities purchase agreement to reflect the new offering terms resulting in the issuance of an additional 178,572 shares of common stock and warrants to purchase an additional 89,286 shares of common stock. In addition, the exercise price of the warrants was reduced from $0.60 per share to $0.50 per share.