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