Cardinalli Amanda Walker 4
4 · AMERICA WEST RESOURCES, INC. · Filed Apr 13, 2010
Insider Transaction Report
Form 4
AMERICA WEST RESOURCES, INC.AWSR.OB
Cardinalli Amanda Walker
Director
Transactions
- Other
Common Stock
2009-04-22+100,000→ 8,571,232 total(indirect: See footnote) - Award
Option (Right to Buy)
2010-03-26+1,000,000→ 1,000,000 totalExercise: $0.20→ Common Stock (1,000,000 underlying) - Other
12% Convertible Note
2009-04-22(indirect: See footnote)Exercise: $0.02→ Common Stock
Footnotes (3)
- [F1]On April 22, 2009, the Issuer borrowed an aggregate of $10,000 from Nevada Agency and Transfer Company ("NATCO"). 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 NATCO an aggregate of 100,000 shares of its common stock.
- [F2]The shares reported as beneficially owned by the Reporting Person are directly owned by NATCO. The Reporting Person serves as president of NATCO. As such, the Reporting Person may be deemed to beneficially own the securities reported herein and owned directly by NATCO. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of her pecuniary interest therein.
- [F3]Awarded pursuant to the Issuer's 2008 Stock Option Plan. The options vest 100% on March 24, 2011 and are exercisable at any time within three years of such vesting, provided the Reporting Person's employment with the Issuer is not terminated subsequent to the vesting date.