0001140361-13-037388.txt : 20131001 0001140361-13-037388.hdr.sgml : 20131001 20131001134351 ACCESSION NUMBER: 0001140361-13-037388 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130909 FILED AS OF DATE: 20131001 DATE AS OF CHANGE: 20131001 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: EXP Realty International Corp CENTRAL INDEX KEY: 0001495932 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 BUSINESS ADDRESS: STREET 1: 910 HARRIS AVENUE STREET 2: SUITE 305 CITY: BELLINGHAM STATE: WA ZIP: 98225 BUSINESS PHONE: (360) 389-2426 MAIL ADDRESS: STREET 1: 910 HARRIS AVENUE STREET 2: SUITE 305 CITY: BELLINGHAM STATE: WA ZIP: 98225 FORMER COMPANY: FORMER CONFORMED NAME: Desert Canadians Ltd. DATE OF NAME CHANGE: 20100706 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sanford Glenn Darrel CENTRAL INDEX KEY: 0001570838 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 333-168025 FILM NUMBER: 131126262 MAIL ADDRESS: STREET 1: 910 HARRIS AVENUE, #305 CITY: BELLINGHAM STATE: WA ZIP: 98225 4 1 doc1.xml FORM 4 X0306 4 2013-09-09 0 0001495932 EXP Realty International Corp EXPI 0001570838 Sanford Glenn Darrel 910 HARRIS AVE, SUITE 305 BELLINGHAM WA 98225 1 1 1 0 President Secretary Treasurer Common Stock 39928880 D Common Stock 2013-09-09 4 J 0 1357581920 0 A 1397510800 D Common Stock 2013-09-16 4 J 0 1393350000 0 D 4160800 D Common Stock 2013-09-27 4 J 0 17066475 0.30 A 21227275 D Stock Options 0.13 2013-09-27 4 J 0 1617000 0 A 2013-09-27 2022-10-01 Common Stock 1617000 1617000 D Effective September 9, 2013, eXp Realty International Corporation effected a 35:1 forward stock split of the authorized and issued and outstanding common stock. These shares were cancelled and returned to treasury without consideration. On August 15, 2013, the Issuer entered into a merger agreement with eXp Realty International, Inc., a Washington corporation, and eXp Acquisition Corp., a Washington corporation and a wholly-owned subsidiary of the Issuer (the "Merger Agreement"), pursuant to which the Issuer agreed to acquire all of the issued and outstanding shares of eXp Realty International, Inc.'s common stock in exchange for the issuance of post-split shares of the Issuer's common stock to eXp Realty International, Inc.'s stockholders on a pro-rata basis. Under this agreement, Mr. Sanford received 17,066,475 shares of the Issuer's common stock in exchange for 2,275,530 shares of eXp Realty International, Inc. held by him. Pursuant to the Merger Agreement, each outstanding option to purchase shares of eXp Realty International, Inc. was converted into options entitling the holder to purchase such number of shares of our common stock that is equal to 7.5 times the number of shares of eXp Realty International, Inc. that would have been issuable on exercise of the eXp Realty International, Inc. options, with a proportionate decrease in any exercise price such that the total exercise price of each cancelled eXp Realty International, Inc. options will equal the total exercise price of the replacement options to purchase shares of our common stock. Under the Merger Agreement, Mr. Sanford received 1,617,000 options in exchange for 215,600 eXp Realty International, Inc. options held by him. 1,212,750 of these options vest on September 27, 2013 and 404,250 vest on October 1, 2013. /s/Glenn Sanford 2013-10-01