Edward C. DeFeudis Form 4 SOURCE FINANCIAL / Edward C. DeFeudis ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DeFeudis Edward C.

(Last) (First) (Middle)

604 ARIZONA AVENUE

(Street)

SANTA MONICA CA 90401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SOURCE FINANCIAL, INC. [ SRCF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
President, CEO and CFO

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2016

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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	06/30/2016	06/30/2016	A		1,429,786	A	(1)	1,596,786	D
Common Stock	06/30/2016	06/30/2016	A		1,429,786	A	(1)	3,026,572	I	Spider Investments, LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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
Series C Convertible Preferred Stock	(1)	06/30/2016	06/30/2016	A		2,082		06/30/2016	(1)	Common Stock	3,189,208	(1)	3,189,208	D
Series C Convertible Preferred Stock	(1)	06/30/2016	06/30/2016	A		2,082		06/30/2016	(1)	Common Stock	3,189,208	(1)	6,378,416	I	Spider Investments, LLC

1. Name and Address of Reporting Person^*

DeFeudis Edward C.

(Last) (First) (Middle)

604 ARIZONA AVENUE

(Street)

SANTA MONICA CA 90401

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Spider Investments, LLC

(Last) (First) (Middle)

951 SW 4TH AVE

(Street)

BOCA RATON FL 33432

(City) (State) (Zip)

Explanation of Responses:

1. On June 30, 2016, the Company entered into that certain Share Exchange Agreement (the "Share Exchange Agreement") by and among the Company, Venture Track, Inc., a Delaware corporation ("Venture Track") and the shareholders of Venture Track (the "Venture Track Shareholders"). Pursuant to the Share Exchange Agreement, the Company agreed to exchange the outstanding common stock of Venture Track held by the Venture Track Shareholders for 3,089,360 shares of common stock and 4,500 shares of Series C Convertible Preferred Stock, par value $0.01 per share (the "Series C Preferred Stock"), of the Company. The 4,500 shares of Series C Preferred Stock are convertible into 6,893,100 shares of the Company's common stock, at the rate of 1,531.80 per share.

	/s/ Edward C. DeFeudis	07/19/2016
	/s/ Edward C. DeFeudis on behalf of Spider Investments, LLC	07/19/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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