4//SEC Filing
WALKER ALEXANDER H III 4
Accession 0001078782-09-000578
CIK 0000867687other
Filed
Apr 14, 8:00 PM ET
Accepted
Apr 15, 1:48 PM ET
Size
10.4 KB
Accession
0001078782-09-000578
Insider Transaction Report
Form 4
AMERICA WEST RESOURCES, INC.AWSR.OB
WALKER ALEXANDER H III
DirectorSecretary
Transactions
- Purchase
COMMON STOCK
2008-12-31$0.27/sh+18,000$4,770→ 8,731,232 total - Other
COMMON STOCK
2008-12-31+250,000→ 8,981,232 total
Holdings
- 850,000
Stock Option (Right to Buy)
Exercise: $0.45→ Common Stock (850,000 underlying) - 1,648,510
Stock Option (Right to Buy)
→ Common Stock (1,648,510 underlying)
Footnotes (5)
- [F1]In October 2008, the Issuer borrowed $75,000 from a third party bank pursuant to a line credit secured by collateral provided by Mr. Walker. As a result, the Company issued to Mr. Walker 250,000 shares of the Issuer's common stock in December 2008.
- [F2]Stock Option vests 33% each year beginning July 2, 2008.
- [F3]Stock Option expires five years from date of vesting, being July 2, 2013, 2014, and 2015 respectively.
- [F4]Pursuant to the terms of an employment agreement, commencing on January 1, 2009 and for two additional years, Mr. Walker will be given the option to purchase a number of shares of Company common stock which is equal to 1% of the issued and outstanding shares of Company common stock as of the day immediately before the date of issuance (December 31st) for consideration to be mutually agreed upon by Mr. Walker and the Issuer.
- [F5]As of January 1, 2009, Mr. Walker is entitled to purchase 1,648,510 shares. The number of shares issuable on January 1, 2010 may not exceed 1,717,200.
Documents
Issuer
AMERICA WEST RESOURCES, INC.
CIK 0000867687
Entity typeother
Related Parties
1- filerCIK 0001109191
Filing Metadata
- Form type
- 4
- Filed
- Apr 14, 8:00 PM ET
- Accepted
- Apr 15, 1:48 PM ET
- Size
- 10.4 KB