Barron Michael A 4
4 · LAS VEGAS RAILWAY EXPRESS, INC. · Filed Aug 29, 2012
Insider Transaction Report
Form 4
Barron Michael A
DirectorCEO
Transactions
- Other
Common Stock
2012-08-15+9,142,858→ 13,766,581 total
Footnotes (2)
- [F1]The shares were issued in connection with the asset purchase agreement, dated November 23, 2009 (the "Purchase Agreement"), between the issuer and Las Vegas Railway Express, Inc., a Nevada corporation "LVRE").Pursuant to the Purchase Agreement, the issuer issued to LVRE or its designees 4,000,000 shares of common stock, and agreed to issue to LVRE or its designees an additional 16,000,000 shares of common stock upon the orrurrence of certain milestones set forth in the Purchase Agreement, in exchagne for all of the assets of LVRE.In connection with the issuance of the 16,000,000 shares, the issuer waived compliance with such milestones, subject to the condition that the shares will be returned to the issuer if the milestones are not achieved withing two years.
- [F2]7,214,286 shares are owned directly by Mr. Barron and 6,552,295 shares are owned indirectly by Mr. Barron, throught Allegheny Nevada Holdings Corp. (which is owned by Mr. Barron)