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): January 6, 2012

NET TALK.COM, INC.
(Exact Name of Registrant as Specified in its Charter)
Florida
000-53668
20-4830633
(State of Incorporation)
(Commission File Number)
   (IRS Employer
 
 
Identification Number)

1100 NW 163rd Drive, No. Miami Beach, Florida 33169
   (Address of principal executive offices)(Zip code)

(305) 621-1200
(Registrant’s Telephone Number, Including Area Code)

Check the appropriate box below of the Form 8-K if the 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)).

 
 

 

ITEM 3.02       UNREGISTERED SALE OF EQUITY AND SECURITIES

On June 15, 2011, Net Talk.com, Inc. (the “Company”) adopted the 2011 Stock Option Plan (the "Plan") which is intended to advance the interests of the Company’s shareholders by enhancing the Company’s ability to attract, retain and motivate persons who make (or are expected to make) important contributions to the Company by providing such persons with equity ownership opportunities and performance-based incentives and thereby better aligning the interests of such persons with those of the Company’s shareholders. All of the Company’s employees, officers, and directors, and those Company’s consultants and advisors (i) that are natural persons and (ii) who provides bona fide services to the Company not connected to a capital raising transaction or the promotion or creation of a market for the company’s securities, are eligible to be granted options or restricted stock awards under the Plan. The maximum aggregate number of shares of the Company’s common stock that may be issued under the Plan is 20,000,000 shares of the Company’s common stock.

On January 6, 2012, Net Talk.com, Inc. approved and issued 3,408,500 shares of common stock to be issued and distributed under our 2011 Stock Option Plan.

The shares were issued to officers and employees as follows:
 
Anastasios Kyriakides   
    1,200,000  
Director/officer
Kenneth Hosfeld
    250,000  
Director/officer
Guillermo Rodriguez
    250,000  
Director/officer
Nick Kyriakides
    300,000  
Officer
George Gabb
    30,000   Director
Sub – total
    2,030,000    
All others
    1,378,500  
Employees
Total
    3,408,500    

SIGNATURE

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.
 
 
Net Talk.com, Inc.
 
       
 
By:
/s/ Anastasios Kyriakides  
  Name: Anastasios Kyriakides  
  Title:  Chief Executive Officer  
  Dated:    January 6, 2012