"Today, Hector Barreto and Jack Zwissig, two directors of MMRGlobal, Inc. (the "Company") filed Form 5's. A Form 5 is an Annual Statement of Beneficial Ownership of Securities which must be filed on or before the 45th day after the end of the Company's fiscal year. A Form 5 is filed to report transactions which were inadvertently not filed on a Form 4.
According to Hector Barreto, sales were made to cover personal income tax liabilities from receiving $122,373 in stock in lieu of cash compensation. Mr. Zwissig waived cash compensation of $26,900 and took stock valued up to $0.16 per share, as detailed on the Form 5. "