Paul Kelley Dunne - Aug 12, 2021 Form 4 Insider Report for PhoneBrasil International Inc (ACRU)

Role
Chief Executive Officer, Director
Signature
/s/ Paul Kelley Dunne
Stock symbol
ACRU
Transactions as of
Aug 12, 2021
Transactions value $
$0
Form type
4
Date filed
8/16/2021, 04:08 PM
Next filing
Oct 5, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ACRU Preferred Stock Award +1.8M 1.8M Aug 12, 2021 Common Stock 54M Direct F1, F2
transaction ACRU Preferred Stock Award +1.13M 1.13M Aug 12, 2021 Common Stock 33.8M By Novation Enterprises, LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of preferred stock convert into shares of common stock on a one-for-30 ratio.
F2 The shares of preferred stock were acquired in connection with the Share Exchange Agreement dated August 12, 2021, between the Issuer, Mikab Corporation, the shareholders of Mikab Corporation and DR Shell LLC.