Statement of Changes in Beneficial Ownership (4)
February 22 2016 - 1:54PM
Edgar (US Regulatory)
FORM 4
[ ]
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
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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
*
SALIH ABBAS ABDELSALAM
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2. Issuer Name
and
Ticker or Trading Symbol
STRATEGIC INTERNET INVESTMENTS INC
[
SIII
]
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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)
CEO, President
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(Last)
(First)
(Middle)
24 FIRST AVENUE, PO BOX 918
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3. Date of Earliest Transaction
(MM/DD/YYYY)
1/16/2013
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(Street)
KALISPELL, MT 59903
(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 Shares
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2/9/2013
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A
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2357427
(1)
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A
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$0.07
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2357427
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D
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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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Options
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$0.1
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10/15/2012
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H
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1250000
(2)
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10/15/2012
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1/15/2013
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Common shares
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1250000
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$0.1
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0
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D
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Options
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$1250000
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1/16/2013
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A
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1200000
(3)
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1/16/2013
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1/16/2018
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Common shares
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1200000
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$0.12
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1200000
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D
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Convertible debenture
(4)
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$0.05
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8/10/2013
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A
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4526436
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8/10/2013
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8/10/2013
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Common shares
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4526436
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$0.05
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4526436
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I
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Star Leisure & Entertainment Inc.
(5)
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Warrants
(4)
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$0.05
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8/10/2013
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A
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4526436
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8/10/2013
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8/10/2013
(6)
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Common shares
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4526436
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$0.05
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4526436
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I
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Star Leisure & Entertainment Inc.
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Explanation of Responses:
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(
1)
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Debt settlement agreement converting debt totalling $165,019.93 at a deemed price of $0.07 per share for total shares of 2,357,427.
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(
2)
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Stock options cancelled
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(
3)
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Stock options granted at a deemed price of $0.12 per share. Expiring Jan 16, 2018
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(
4)
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Loan payable to a company controlled by a director of the Company, plus accrued interest of $284,875 (2014 - $246,414), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand. The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units. Conversion of this loan and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.12.
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(
5)
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Star Leisure & Entertainment Inc. is controlled by Abbas Abdelsalam Salih
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(
6)
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Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units.
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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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SALIH ABBAS ABDELSALAM
24 FIRST AVENUE
PO BOX 918
KALISPELL, MT 59903
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X
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X
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CEO, President
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Signatures
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Abbas Abdelsalam Salih
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2/22/2016
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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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