4//SEC Filing
ENTHEOS TECHNOLOGIES INC 4
Accession 0001062359-08-000001
$RCARCIK 0001016708operating
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 11:21 AM ET
Size
11.9 KB
Accession
0001062359-08-000001
Insider Transaction Report
Form 4
RAYAT HARMEL S
10% Owner
Transactions
- Disposition to Issuer
COMMON
2007-12-31−40,000,000→ 46,639,800 total - Disposition to Issuer
COMMON
2007-12-31$0.85/sh−2,500,000$2,125,000→ 44,139,800 total - Disposition to Issuer
COMMON
2007-12-31$0.85/sh−1,250,000$1,062,500→ 42,889,800 total
Holdings
- 6,000,000
STOCK OPTIONS
Exercise: $0.01Exp: 2013-02-11→ COMMON (6,000,000 underlying) - 57,188(indirect: By Spouse)
COMMON
Footnotes (5)
- [F1]Tendered to treasury for cancellation.
- [F2]Pursuant to an agreement dated December 31, 2007, Mr. Harmel S. Rayat has sold 2,500,000 restricted common shares in exchange for 2,125 non-voting, redeemable preferred shares valued at $1,000 per share in a private British Columbia corporation wholly owned by Mrs. Ranjit Bhogal, an employee of Entheos Technologies. This transaction results in a reduction of Mr. Rayat's aggregate beneficial ownership from 82 percent to 78 percent of the corporation's issued and outstanding common stock.
- [F3]Pursuant to an agreement dated December 31, 2007, Mr. Harmel S. Rayat has sold 1,250,000 restricted common shares in exchange for 1,062.50 non-voting, redeemable preferred shares valued at $1,000 per share in a private British Columbia corporation wholly owned by Mr. Jeet Sidhu, an employee of Entheos Technologies. This transaction results in a reduction of Mr. Rayat's aggregate beneficial ownership from 78 percent to 76 percent of the corporation's issued and outstanding common stock.
- [F4]Mr. Rayat disclaims beneficial ownership of all shares beneficially owned by his wife and other family members.
- [F5]On February 11, 2003, the Company agreed to enter into a 10 year NonStatutory Stock Option Agreement with Mr. Harmel S. Rayat covering 6,000,000 shares at an exercisable price of $0.01 per share. The options become exercisable in three (3) equal installments of thirty-three and one-third percent (33 1/3%), with the first installment exercisable on February 11, 2003, and the additional two thirty-three and one-third percent (33 1/3%) tranches becoming exercisable on each of the two (2) successive anniversary dates.
Documents
Issuer
ENTHEOS TECHNOLOGIES INC
CIK 0001016708
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001016708
Filing Metadata
- Form type
- 4
- Filed
- Jan 1, 7:00 PM ET
- Accepted
- Jan 2, 11:21 AM ET
- Size
- 11.9 KB