HEYSEL MATTHEW 4
4 · CHINA BROADBAND CORP · Filed Nov 12, 2003
Insider Transaction Report
Form 4
HEYSEL MATTHEW
DirectorChief Executive Officer
Transactions
- Other
Stock Option
2003-11-07$1.00/sh−1,620,000$1,620,000→ 0 total(indirect: MH Financial Management Ltd.)Exercise: $0.10From: 2003-07-11Exp: 2005-01-11→ Common Stock (1,620,000 underlying)
Footnotes (1)
- [F1]Mr. Heysel owns 51% of the issued and outstanding shares of Big Sky Holdings and 25% of the issued and outstanding shares (100% of the voting stock) of MH Financial Management and is an officer and director of both corporations. MH Financial Management Ltd. transferred all it's rights in a Stock Option Agreement with two of China Broadband Corp.'s shareholders under which MH Financial Management had the right to purchase 1,620,000 shares at a price of $0.10 per share until January 11, 2005 to a third party for a total cost of $1.00 and future consideration to be determined by the parties at a future date which will be disclosed at that time.