******FORM 4******** HELL YEA!!!!
Statement of Changes in Beneficial Ownership (4)
Date : 07/20/2016 @ 4:19PM
Source : Edgar (US Regulatory)
Stock : Crowdgather, Inc. (QB) (CRWG)
Quote : 0.0111 0.0011 (11.00%) @ 4:35PM
Statement of Changes in Beneficial Ownership (4)
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FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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
1. Name and Address of Reporting Person *
Sabnani Sanjay 2. Issuer Name and Ticker or Trading Symbol
CrowdGather, Inc. [ CRWG ] 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 and Secretary
(Last) (First) (Middle)
23945 CALABASAS ROAD, SUITE 115 3. Date of Earliest Transaction (MM/DD/YYYY)
7/19/2016
(Street)
CALABASAS, CA 91302
(City) (State) (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ 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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 7/19/2016 J (1) 5793267 A $0.01 5828265 D
Common Stock 250000 (2) D
Common Stock 560297 (4) I Owned by Sabnani IRA, owned by Reporting Person
Common Stock 16210550 (4) I Owned by Typhoon Consultants, LLC, owned by Reporting Person
Common Stock 900000 (4) I Owned by Sabnani Children Income Trust; Reporting Person's spouse is trustee
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Stock Option (Right to Buy) $1.49 12/20/2008 (3) 6/20/2018 Common Stock 400000 6228265 (5) D
Stock Option (Right to Buy) $1.16 9/21/2011 (3) 3/21/2021 Common Stock 200000 6828265 (5) D
Stock Option (Right to Buy) $0.044 11/30/2013 (3) 5/31/2023 Common Stock 500000 7928265 (5) D
Explanation of Responses:
( 1) Settlement of Promissory Note principal and interest converted into restricted common stock.
( 2) Restricted stock granted pursuant to 2008 Stock Option and Award Plan. Pursuant to the terms of the Plan, the shares will vest in equal amount of 25% of the total amount per year beginning on October 2, 2014.
( 3) Reporting Person's right to receive Stock Options vest over a four year period, with the first one-eighth of the total Stock Options vesting on the six month anniversary of the grant date, one-sixteenth of the total Stock Options vesting every 90 days after that six month anniversary date (the date indicated above as the exercise date).
( 4) Excluding Options.
( 5) Including all Options Exercisable.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Sabnani Sanjay
23945 CALABASAS ROAD, SUITE 115
CALABASAS, CA 91302 X X CEO, President and Secretary
Signatures
/s/ Sanjay Sabnani 7/20/2016
** 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.
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.
Buying all I can now!!!
