4 - Statement of changes in beneficial ownership of securities

Document Info
Form Name: 4
Filed: January 3, 2018
 
SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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OMB Number: 3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
WALKER DIGITAL, LLC

(Last) (First) (Middle)
TWO HIGH RIDGE PARK

(Street)
STAMFORD CT 06905

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WALKER INNOVATION INC. [ WLKR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/18/2017
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/18/2017 D 356,054(1) D $0.4412 1,661,242 D
Common Stock 12/18/2017 D 356,054(1) D $0.4412 1,661,242 I JSW Investments, LLC
Common Stock 12/18/2017 D 356,054(1) D $0.4412 1,661,242 I Jay S. Walker
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series B Convertible Preferred Stock $0 (2) (2) Common Stock 14,999,000 14,999,000 D
Series B Convertible Preferred Stock $0 (2) (2) Common Stock 14,999,000 14,999,000 I JSW Investments, LLC
Series B Convertible Preferred Stock $0 (2) (2) Common Stock 14,999,000 14,999,000 I Jay S. Walker
1. Name and Address of Reporting Person*
WALKER DIGITAL, LLC

(Last) (First) (Middle)
TWO HIGH RIDGE PARK

(Street)
STAMFORD CT 06905

(City) (State) (Zip)
1. Name and Address of Reporting Person*
JSW Investments, LLC

(Last) (First) (Middle)
TWO HIGH RIDGE PARK

(Street)
STAMFORD CT 06905

(City) (State) (Zip)
1. Name and Address of Reporting Person*
WALKER JAY S

(Last) (First) (Middle)
TWO HIGH RIDGE PARK

(Street)
STAMFORD CT 06905

(City) (State) (Zip)
Explanation of Responses:
1. Reflects the delivery of shares of common stock as payment in full of certain reimbursement obligations to the Registrant as approved by the Audit Committee of the Board of Directors of Registrant.
2. Each share of Series B Convertible Preferred Stock is convertible, at the option of the reporting person, at any time and from time to time, into one (1) share of Issuer's common stock.
Remarks:
/s/Walker Digital, LLC, Jay S. Walker, Authorized Person 01/03/2018
/s/JSW Investments, LLC, Jay S. Walker, Sole Member 01/03/2018
/s/Jay S. Walker 01/03/2018
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: 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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