Statement of Changes in Beneficial Ownership (4)
02 Enero 2018 - 2:29PM
Edgar (US Regulatory)
FORM 4
[
X
]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
EGAN MICHAEL S
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2. Issuer Name
and
Ticker or Trading Symbol
THEGLOBE COM INC
[
TGLO
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
__
X
__ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
See Remarks
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(Last)
(First)
(Middle)
C/O THEGLOBE.COM, INC., P.O. BOX 029006
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3. Date of Earliest Transaction
(MM/DD/YYYY)
12/31/2017
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(Street)
FORT LAUDERDALE, FL 33302
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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12/31/2017
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S
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380455
(1)
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D
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(1)
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150000
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D
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Common Stock
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12/31/2017
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S
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48303148
(1)
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D
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(1)
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0
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I
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By Dancing Bear Investments, Inc.
(2)
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Common Stock
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12/31/2017
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S
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38469012
(1)
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D
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(1)
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0
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I
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By E&C Capital Partners, LLLP
(2)
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Common Stock
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12/31/2017
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S
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6000000
(1)
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D
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(1)
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0
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I
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By E&C Capital Partners II, LLLP
(2)
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Common Stock
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12/31/2017
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S
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207146000
(1)
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D
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(1)
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21854000
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I
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By The Registry Management Company, LLC
(2)
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Common Stock
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12/31/2017
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S
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3527337
(1)
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D
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(1)
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14000
(3)
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I
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By Spouse
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Common Stock
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12/31/2017
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S
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9000000
(1)
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D
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(1)
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56000
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I
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By Trusts
(4)
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Explanation of Responses:
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(1)
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On December 31, 2017 Michael S. Egan, his spouse, S. Jacqueline Egan, Dancing Bear Investments, Inc., E&C Capital Partners, LLLP, E&C Capital Partners II, LLLP, The Registry Management Company, LLC, and the Trusts (as defined below) sold to Delfin Midstream LLC, in a privately negotiated transaction, a total of 312,825,952 shares of the issuer's Common Stock for an aggregate purchase price of $25,000 (the "Transaction").
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(2)
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Michael S. Egan may be deemed to control each of Dancing Bear Investments, Inc., E&C Capital Partners, LLLP, E&C Capital Partners II, LLLP and The Registry Management Company, LLC.
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(3)
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Michael S. Egan disclaims beneficial ownership of the shares of the issuer's Common Stock held by his spouse.
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(4)
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The Trusts are Grantor Retained Annuity Trusts, of which Michael S. Egan is the Grantor and Trustee, for the benefit of Michael S. Egan's children.
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Remarks:
Chairman and CEO-Upon the closing of the Transaction, Michael S. Egan resigned as an officer and director of the issuer. In addition, after giving effect to the Transaction, Michael S. Egan's direct and indirect beneficial holdings of the issuer's Common Stock represent less than 5% of the total issued and outstanding shares of the issuer's Common Stock.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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EGAN MICHAEL S
C/O THEGLOBE.COM, INC., P.O. BOX 029006
FORT LAUDERDALE, FL 33302
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X
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X
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See Remarks
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Signatures
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/s/ Michael S. Egan
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1/2/2018
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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