0001493152-20-011267.txt : 20200616
0001493152-20-011267.hdr.sgml : 20200616
20200616170013
ACCESSION NUMBER: 0001493152-20-011267
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200612
FILED AS OF DATE: 20200616
DATE AS OF CHANGE: 20200616
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: AJJARAPU SURENDRA K
CENTRAL INDEX KEY: 0001368298
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39199
FILM NUMBER: 20967102
MAIL ADDRESS:
STREET 1: 8604 BUTTON BUSH CT
CITY: TAMPA
STATE: FL
ZIP: 33647
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TRXADE GROUP, INC.
CENTRAL INDEX KEY: 0001382574
STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3840 LAND O' LAKES BOULEVARD
CITY: LAND O' LAKES
STATE: FL
ZIP: 34639
BUSINESS PHONE: (800) 261 0281
MAIL ADDRESS:
STREET 1: 3840 LAND O' LAKES BOULEVARD
CITY: LAND O' LAKES
STATE: FL
ZIP: 34639
FORMER COMPANY:
FORMER CONFORMED NAME: XCELLINK INTERNATIONAL INC.
DATE OF NAME CHANGE: 20081230
FORMER COMPANY:
FORMER CONFORMED NAME: Bluebird Exploration Co.
DATE OF NAME CHANGE: 20061204
4
1
ownership.xml
X0306
4
2020-06-12
0
0001382574
TRXADE GROUP, INC.
MEDS
0001368298
AJJARAPU SURENDRA K
3840 LAND O'LAKES BLVD
LAND O'LAKES
FL
34639
1
1
1
0
CEO
Common stock
2020-06-12
4
J
0
201613
D
1112516
D
Common stock
212500
I
Through Surendra Ajjarapu Revocable Trust of 2007 which Reporting Person controls as trustee
Common stock
675000
I
Through spouse
Common stock
212500
I
Through Sandhya Ajjarapu Revocable Trust of 2007 which Reporting Person controls as trustee
In April 2018, Mr. Ajjarapu, through an entity which he owned, entered into an agreement with a third party to purchase certain shares of common stock of Nexgen Memantine, Inc. ("Nexgen"). The purchase price for the shares was $1.5 million, which amount was due prior to December 31, 2019. In order to secure the payment of the purchase price, Mr. Ajjarapu provided the seller a security interest in, and pledged into escrow, 212,500 of his shares of the Issuer's common stock. Mr. Ajjarapu retained all voting and other rights associated with the pledged stock.
The purchase agreement provided that if the purchase price was not paid on December 31, 2019, an amount of Mr. Ajjarapu's shares equal in value to $1.5 million, based on 30-day average stock prices, would be transferred to the seller to satisfy the $1.5 million obligation. The purchase price was not paid on December 31, 2019, and Mr. Ajjarapu, effective on June 12, 2020, transferred 201,613 shares of the Issuer's common stock to the seller, based on a 30-day average stock price of $7.44, to satisfy the stock purchase obligation.
/s/ Surendra K. Ajjarapu
2020-06-16