Rifkin Jay 4
4 · China Youth Media, Inc. · Filed May 15, 2009
Insider Transaction Report
Form 4
Rifkin Jay
DirectorChairman and CEO10% Owner
Transactions
- Conversion
Common Stock
2009-05-14+69,268,233→ 69,268,233 total(indirect: By LLC) - Other
Secured Convertible Promissory Note
2009-05-14$0.03/sh→ 0 total(indirect: By LLC)Exercise: $0.03→ Common Stock (69,268,233 underlying)
Footnotes (2)
- [F1]Represents secured convertible note in the principal amount of $2,078,047 which reporting person entered into with the Issuer on September 10, 2008 pursuant to which various loans made by Jay Rifkin and Rebel Holdings LLC ("Rebel Holdings") and other amounts incurred by or due to Jay Rifkin, were consolidated into one promissory note payable to Rebel Holdings which, at the option of the holder, shall be converted into shares of common stock at $0.03 per share.
- [F2]Represents secured convertible note in the principal amount of $2,078,047 cancelled and converted into 69,268,233 shares of common stock.