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