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UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549


FORM 8-K


CURRENT REPORT

 Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): December 7, 2016


FULLNET COMMUNICATIONS, INC.

 (Exact name of registrant as specified in its charter)

 

 

 

 

 

Oklahoma

 

000-27031

 

73-1473361

(State or other Jurisdiction of Incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

 

 

201 Robert S. Kerr Avenue, Suite 210

 Oklahoma City, Oklahoma

 

73102

(Address of Principal Executive Offices)

 

(Zip Code)


Registrant’s telephone number, including area code: (405) 236-8200

 

 

(Former name or former address if changed since last report.)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


 o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


 o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


 o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 

 


 


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Item 3.02.  UNREGISTERED SALES OF EQUITY SECURITIES

On December 7, 2016, FullNet Communications, Inc. (the “Company”) agreed to sell 2,752,848 restricted shares of its common stock, par value $.00001 per share pursuant to the exercise of previously issued and outstanding common stock purchase options (the “Options”) held by various officers and directors of the Company and their family members.  Proceeds from the exercise of the Options were $8,258.54.  The common shares were issued pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended and Rule 506 of Regulation D thereunder without payment of any form of commissions or other remuneration.

Immediately following the exercise of the Options, the Company had 11,871,009 shares of common stock outstanding.




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SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


FULLNET COMMUNICATIONS, INC.



By: /s/ Roger P. Baresel                               

Roger P. Baresel

 

Chief Executive Officer




Dated:  December 7, 2016




 


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