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