Ma Ming 4
4 · CHINA NEW MEDIA CORP · Filed Jan 27, 2011
Insider Transaction Report
Form 4
Ma Ming
President10% Owner
Transactions
- Other
Common Stock, $.0001 par value
2011-01-20$0.00/sh+540,000$54→ 9,607,600 total(indirect: By Spouse) - Other
Common Stock. $.0001 par value
2011-01-20$0.00/sh+550,000$55→ 9,607,600 total
Footnotes (2)
- [F1]The Reporting Person entered into an Escrow Agreement dated December 8, 2009 (the "Escrow Agreement") with certain investors of the Company pursuant to which, the Reporting Person agreed to deposit shares of the Company's common stock owned by her, to be held for the benefit of the investors. The Reporting Person agreed that if the Company does not attain a minimum audited net income threshold for the fiscal year ended December 31, 2010, the escrow agent may deliver her escrowed shares to the investors. However, if the audited net income threshold is met, the shares in escrow will be returned to Ms. Ming Ma. The 550,000 shares were released to the Reporting Person as the Company met the minimum after-tax net income threshold for the fiscal year ended December 31, 2010.
- [F2]The Reporting Person entered into an Escrow Agreement dated December 8, 2009 (the "Escrow Agreement") with certain investors of the Company pursuant to which, the Reporting Person agreed to deposit shares of the Company's common stock owned by her, to be held for the benefit of the investors. The Reporting Person agreed that if the Company does not attain a minimum audited net income threshold for the fiscal year ended December 31, 2010, the escrow agent may deliver her escrowed shares to the investors. However, if the audited net income threshold is met, the shares in escrow will be returned to Ms. Ming Ma. The 550,000 shares were released to the Reporting Person as the Company met the minimum after-tax net income threshold for the fiscal year ended December 31, 2010.