Rifkin Jay 4
4 · China Youth Media, Inc. · Filed Apr 7, 2009
Insider Transaction Report
Form 4
Rifkin Jay
DirectorChairman and CEO10% Owner
Transactions
- Other
Secured Convertible Note
2008-09-10→ 0 total(indirect: By LLC)Exercise: $1.11→ Common Stock (500,000 underlying) - Award
12% Convertible Promissory Note
2008-09-30→ 1,666,666 total(indirect: By Mojo Music Inc.)Exercise: $0.09→ Common Stock (1,666,666 underlying) - Award
Common Stock Purchase Warrant
2008-09-30+525,000→ 525,000 total(indirect: By Mojo Music Inc.)Exercise: $0.09→ Common Stock (525,000 underlying) - Award
Secured Convertible Promissory Note
2008-09-10→ 69,268,233 total(indirect: By LLC)Exercise: $0.03→ Common Stock (69,268,233 underlying)
Footnotes (3)
- [F1]On September 10, 2008, reporting person entered into a loan consolidation agreement with the Issuer 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 in the principal amount of $2,078,047 which shall be convertible at the option of the holder into shares of common stock at $0.03 per share.
- [F2]Represents secured convertible note cancelled and consolidated into the consolidated note in the principal amount of $2,078,047.
- [F3]Reporting person purchased 1.5 Units offered by the Issuer with each Unit consisting of $100,000 principal amount of 12% Convertible Promissory Note due three years from issuance convertible at $0.09 per share and 350,000 warrants exercisable at $0.09 per share for five years from issuance.