Major owner of Ominto, Inc. just picked up 185,000 shares

Michael Hansen, a major owner of Ominto, Inc. and Ominto, Inc.'s CHIEF EXECUTIVE OFFICER and a director of the company, recently acquired 185,000 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on August 17, 2017. Hansen now owns 3,531,242 shares of the company. Hansen operates out of Boca Raton, FL. Some additional info was provided as follows:

Represents shares issued upon the mandatory conversion of 185,000 shares of the Issuer's Super Voting Preferred Stock previously held by the Reporting Person, as required by the Certificate of Designation governing such Preferred Stock. Excludes 67,006 shares that have not yet vested. The Reporting Person disclaims a pecuniary interest in a ny other ownership interest, including those securities held by the Issuer's COO, Ms. Sorensen with whom he shares a household, and their adult child. As a member of the same household, Mr. Hansen may be deemed to have a pecuniary interest in any securities held by Ms. Sorensen or their adult child.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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