Lee Terry L 4
4 · HEARTLAND, INC. · Filed Nov 4, 2010
Insider Transaction Report
Form 4
HEARTLAND, INC.HTLJ
Lee Terry L
DirectorCEO & Chairman
Transactions
- Award
Common Stock, $0.001 par value
2010-10-01$0.20/sh+325,000$65,000→ 5,094,393 total(indirect: See Footnote 1) - Award
Common Stock, $0.001 par value
2010-11-01$0.18/sh+5,555,556$1,000,000→ 10,649,949 total(indirect: See Fottnote 1) - Award
Common Stock, $0.001 par value
2010-10-01$0.20/sh+325,000$65,000→ 4,769,393 total
Footnotes (2)
- [F1]This transaction was entered with Lee Holding Company, L.P. Terry Lee, the Company's Chief Executive Officer and a director of the Company, owns a minority interest as a limited partner of Lee Holding Company, L.P.
- [F2]Terry L. Lee and Lee Holding Company, L.P., (collectively, the "Sellers") entered into a Sale of Membership Interest Agreement dated October 1, 2010 whereby the Sellers agreed to sell, assign and transfer 100% ownership in Premium Homes, LLC in consideration for an aggregate of S10,000 in cash and 650.000 shares of Heartland, Inc.