0001441557-15-000006.txt : 20150302 0001441557-15-000006.hdr.sgml : 20150302 20150302114815 ACCESSION NUMBER: 0001441557-15-000006 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150226 FILED AS OF DATE: 20150302 DATE AS OF CHANGE: 20150302 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PSM HOLDINGS INC CENTRAL INDEX KEY: 0001362180 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 900332127 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 BUSINESS ADDRESS: STREET 1: 5900 MOSTELLER DR., #11 CITY: OKLAHOMA CITY STATE: OK ZIP: 73112 BUSINESS PHONE: (405) 753-1900 MAIL ADDRESS: STREET 1: 5900 MOSTELLER DR., #11 CITY: OKLAHOMA CITY STATE: OK ZIP: 73112 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MARGOLIES MICHAEL CENTRAL INDEX KEY: 0001493340 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-54988 FILM NUMBER: 15663122 MAIL ADDRESS: STREET 1: 1615 CONGRESS AVE. STREET 2: SUITE 103 CITY: DELRAY BEACH STATE: FL ZIP: 33445 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2015-02-26 0 0001362180 PSM HOLDINGS INC PSMH 0001493340 MARGOLIES MICHAEL 1615 CONGRESS AVE. SUITE 103 DELRAY BEACH FL 33445 1 0 1 0 Common Stock 175000 D Common Stock 39741 I LLC Common Stock 2015-02-26 4 P 0 10000 0.05 A 10000 I Trust Preferred Series A 0.12 2013-02-04 Common Stock 30833333 30833333 I LLC Preferred Series C 0.04 2014-04-01 Common Stock 45000000 22500000 I LLC Warrants 0.44 2013-02-05 2018-02-05 Common Stock 695630 695630 D Warrants 0.24 2014-02-13 2019-02-13 Common Stock 50000 745630 D Warrants 0.24 2014-03-13 2019-03-13 Common Stock 50000 50000 I LLC Warrants 0.088 2014-04-01 2019-04-01 Common Stock 1985990 2731620 D Preferred Series E 0.01 2014-11-24 Common Stock 61250000 61250000 I LLC Preferred Series E 0.01 2014-12-15 Common Stock 21000000 82250000 I LLC Warrants 0.011 2014-12-15 2019-12-15 Common Stock 10000000 12731620 D Shares held by LB Consulting, LLC of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein. The 3,700 shares of Series A Convertible Preferred Stock are convertible at a rate of .01 shares of Common Stock for each share of preferred stock converted. On November 24, 2014 and pursuant to the provisions of the Certificate of Designation for the Series A Preferred Stock regarding adjustments in conversion price, because the Company issued and sold additional shares at a price less than the current $0.24 conversion price of the Series A Preferred Stock the conversion price was adjusted to $0.10 per share. After this adjustment to the conversion price of the Series A Preferred Stock. No expiration date. Preferred shares held by LB Merchant PSMH-1, LLC, of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein. The 1,800 shares of Series C Convertible Preferred Stock are convertible at a rate of 25,000 shares of Common Stock for each share of preferred stock converted. On November 24, 2014 and pursuant to the provisions of the Certificate of Designation for the Series C Preferred Stock regarding adjustments in conversion price, because the Company issued and sold additional shares at a price less than the current $0.08 conversion price of the Series C Preferred Stock, the conversion price was adjusted to $0.04 per share. Preferred shares held by LB Merchant PSMH-2, LLC, of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein. Warrants held by LB Merchant PSMH-1, LLC, of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein The 612.5 shares of Series E Convertible Preferred Stock are convertible at a rate of 100,000 shares of Common Stock for each share of preferred stock converted. Preferred Shares held by LB Merchant PSMH-3, LLC, of which Mr. Margolies is the managing member. Mr. Margolies disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein. The 210 shares of Series E Convertible Preferred Stock are convertible at a rate of 100,000 shares of Common Stock for each share of preferred stock converted. /s/Michael Margolies 2015-03-01