WALKER ALEXANDER H III 4
4 · AMERICA WEST RESOURCES, INC. · Filed May 13, 2009
Insider Transaction Report
Form 4
WALKER ALEXANDER H III
DirectorSecretary
Transactions
- Other
Common Stock
2009-04-22+60,000→ 60,000 total(indirect: See Footnote) - Purchase
12% Convertible Note
2009-04-22+0→ 0 total(indirect: See footnote)Exercise: $0.02→ Common Stock
Holdings
- 8,981,232
Common Stock
Footnotes (2)
- [F1]On April 22, 2009, the Issuer borrowed an aggregate of $6,000 from Arlington Ventures, LLC ("Arlington"), evidenced by an unsecured note maturing on May 22, 2009 and bearing interest at 12% per annum (the "Note"). In an Event of Default (as defined in the Note), all or any part of the unpaid principal and accrued interest due under the Note is convertible into shares of the Issuer's common stock at a conversion price equal to $0.02 per share. As additional consideration, the Issuer issued to Arlington an aggregate of 60,000 shares of its common stock.
- [F2]The shares reported as beneficially owned by the Reporting Person are directly owned by Arlington. The Reporting Person serves as general manager of Arlington. As such, the Reporting Person may be deemed to beneficially own the securities reported herein and owned directly by Arlington. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.