0001083763-15-000028.txt : 20150424
0001083763-15-000028.hdr.sgml : 20150424
20150424173648
ACCESSION NUMBER: 0001083763-15-000028
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150423
FILED AS OF DATE: 20150424
DATE AS OF CHANGE: 20150424
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Patent Properties, Inc.
CENTRAL INDEX KEY: 0001294649
STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794]
IRS NUMBER: 300342273
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: TWO HIGH RIDGE PARK
CITY: STAMFORD
STATE: CT
ZIP: 06905
BUSINESS PHONE: 203-461-7200
MAIL ADDRESS:
STREET 1: TWO HIGH RIDGE PARK
CITY: STAMFORD
STATE: CT
ZIP: 06905
FORMER COMPANY:
FORMER CONFORMED NAME: GlobalOptions Group, Inc.
DATE OF NAME CHANGE: 20050831
FORMER COMPANY:
FORMER CONFORMED NAME: Creative Solutions With Art, Inc.
DATE OF NAME CHANGE: 20040619
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: WALKER JAY S
CENTRAL INDEX KEY: 0001083763
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33700
FILM NUMBER: 15792773
MAIL ADDRESS:
STREET 1: C/O WALKER DIGITAL, LLC
STREET 2: TWO HIGH RIDGE PARK
CITY: STAMFORD
STATE: CT
ZIP: 06905
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2015-04-23
0001294649
Patent Properties, Inc.
PPRO
0001083763
WALKER JAY S
PATENT PROPERTIES
TWO HIGH RIDGE PARK
STAMFORD
CT
06905
1
1
1
0
Executive Chairman
Common Stock
2358500
I
Walker Digital, LLC
Common Stock
2015-04-23
4
P
0
4080
2.0065
A
59280
D
Series B Convertible Preferred Stock
Common Stock
14999000
14999000
I
Walker Digital, LLC
The purchase of the shares of Common Stock were made pursuant to a plan intended to comply with Rule 10b5-1(c), previously entered into on March 19, 2015.
The number of securities reported represents an aggregate number of shares purchased in multiple open market transactions over a range of purchase prices. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares purchased by the Reporting Person at each separate price within the range.
Purchase prices range from $1.95 to $2.10 per share, inclusive.
The Reporting Person is the sole member of JSW Investments, LLC, which is the managing member of Walker Digital, LLC; therefore the reporting person may be deemed to indirectly beneficially own the Issuer shares owned by Walker Digital, LLC.
Each share of Series B Convertible Preferred Stock is convertible, at the option of the reporting person, at any time and from time to time, into one (1) share of Issuer's Common Stock.
Karen Romaine, attorney-in-fact
2015-04-24