1. Name and Address of Reporting Person * |
Â
Brauser Michael |
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2. Date of Event Requiring Statement (Month/Day/Year) 06/02/2015 |
3. Issuer Name and Ticker or Trading Symbol IDI, Inc. [IDI]
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C/O IDI, INC., 2650 NORTH MILITARY TRAIL, SUITE 300 |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__X__ Director |
_____ 10% Owner |
_____ Officer (give title below) |
_____ Other (specify below) |
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5. If Amendment, Date Original Filed(Month/Day/Year)
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BOCA RATON, FL 33431 |
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 Beneficially Owned |
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1.Title of Security (Instr. 4) |
2. Amount of Securities Beneficially Owned (Instr. 4) |
3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) |
4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock
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3,400
|
D
|
Â
|
Common Stock
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8,130
|
I
|
See footnote.
(1)
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Common Stock
(2)
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175,000
|
D
|
Â
|
Common Stock
(3)
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100,000
|
D
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Â
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Common Stock
(4)
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1,000,000
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I
|
See footnote.
(1)
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* |
If the form is filed by more than one reporting person, see Instruction 5(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). |
(1) |
Represents pro-rata ownership of securities held by entities over which the reporting person exercises investment control. |
(2) |
Represents restricted stock units, convertible into common stock of the issuer on a one-for-one basis. The restricted stock units vest in three approximately equal installments on March 21, 2016, 2017 and 2018, subject to accelerated vesting under certain conditions. |
(3) |
Represents restricted stock units, convertible into common stock of the issuer on a one-for-one basis. The restricted stock units vest quarterly in eight approximately equal installments from January 2, 2015 through October 2, 2016 subject to accelerated vesting under certain conditions. |
(4) |
Represents restricted stock units, convertible into common stock of the issuer on a one-for-one basis. The restricted stock units vest annually in four approximately equal installments from October 13, 2015 through October 13, 2018 subject to achievement of certain performance milestones by the issuer and accelerated vesting under certain conditions. |
(5) |
The securities are convertible, for no additional consideration, only in connection with a bona fide, arms' length sale of a non-affiliate of either the reporting person or the issuer. The securities have no expiration date. |