Key facts
- This page summarizes Jimmy Wayne Anderson's Form 4 filing for GLOBAL TECHNOLOGIES LTD (GTLL).
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 26 May 2021, 12:50.
Jimmy Wayne Anderson - 31 Mar 2021 Form 4 Insider Report for GLOBAL TECHNOLOGIES LTD (GTLL)
- Reporting relationship
- President, Director, Director
- Issuer ticker
- GTLL
- Reported as of
- 31 Mar 2021
- Net transaction value
- +$0.58
- Reporting owner signature
- /s/ Jimmy Wayne Anderson
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Jimmy Wayne Anderson filed Form 4 for GLOBAL TECHNOLOGIES LTD (GTLL) on 26 May 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: +$0.58.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GTLL
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $0
- Shares
- -810,000,000
- Change %
- -90%
- Price
- $0.000000
- Shares after
- 90,000,000
- Date
- 31 Mar 2021
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GTLL
transaction
Derivative
Series L Preferred Stock
Other
- Transaction value
- $0.18
- Shares
- +18
- Change %
- Price
- $0.0100*
- Shares after
- 18
- Date
- 31 Mar 2021
- Ownership
- Direct
- Underlying class
- Common stock
- Underlying amount
- 32,142,857
- Exercise price
- $0.0100
- Footnotes
- F1, F3, F4, F5
GTLL
transaction
Derivative
Series L Preferred Stock
Other
- Transaction value
- $0.4
- Shares
- +40
- Change %
- Price
- $0.0100*
- Shares after
- 40
- Date
- 31 Mar 2021
- Ownership
- By self as Managing Member
- Underlying class
- Common stock
- Underlying amount
- 71,428,571
- Exercise price
- $0.0100
- Footnotes
- F2, F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
During the year ended December 31, 2020 and the quarter ended March 31, 2021, Mr. Anderson returned a total 810,000,000 shares of common stock to the Company so that the shares could be used for corporate transactions. On March 31, 2021, the Company and Mr. Anderson agreed to exchange the shares of common stock due Mr. Anderson for shares of the Company's Series L Preferred Stock. Please see the Company's Quarterly Report for the period ended March 31, 2021 for further information.
Footnote F2
On March 1, 2021, the Company and Around the Clock Partners, LP ("ATC") agreed to exchange the outstanding principal and interest due on a Convertible Promissory Note issued to ATC dated July 27, 2018 for shares of the Company's Series L Preferred Stock. The reporting person is the managing member of ATC. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. Please see the Company's Quarterly Report for the period ended March 31, 2021 for further information.
Footnote F3
As of the date of this filing, Mr. Anderson owns 18 shares of the Company's Series L Preferred Stock directly and 50 shares indirectly (Around the Clock Partners, LP- 40 shares and Sylios Corp -10 shares). The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Footnote F4
Each share of the Company's Series L Preferred stock can be converted into shares of the Company's Class A Common stock based on the following formula: $5,000 divided by .70 times the lowest closing price of the Company's Class A Common Stock for the immediate five-day period prior to the receipt of the Notice of Conversion.
Footnote F5
The number of shares of common stock issuable upon conversion of the Series B Preferred Stock is based on a stock price of $0.004, which was the Closing stock price of the Company's common stock on May 25, 2021. The number of shares issuable upon conversion may increase or decrease based on the Closing stock price upon conversion of the Series B Preferred Stock.