Teja Zahir 4
4 · Phoenix International Ventures, Inc. · Filed Nov 19, 2009
Insider Transaction Report
Form 4
Teja Zahir
DirectorPresident, CEO, Director10% Owner
Transactions
- Gift
Common Stock
2009-11-17−195,000→ 5,319,000 total - Purchase
Common Stock
2009-11-17$0.71/sh−105,000$74,550→ 5,514,000 total
Footnotes (2)
- [F1]Includes 2,150,000 shares owned by Mr. Zahir directly. Also includes the following shares which are indirectly beneficially owned: Under an irrevocable proxy signed by the holders of 2,538,000 shares of the Company's common stock, Mr. Teja, jointly and severally with Mr. Neev Nissenson, has been appointed as an attorney-in-fact to vote such holders' shares for a period of seven years. Under a consulting agreement with Phoenix International Ventures Inc. (the "Company"), Anney Business Corp. and Mr. Teja, Mr. Teja and Anney have an understanding to vote their shares together at shareholders meetings; accordingly, Mr. Teja may be deemed to be the beneficial owner of 631,000 shares of the Company's common stock beneficially owned by Anney. As Mr. Teja has no economic ownership of the shares attributed to him indirectly, Mr. Teja disclaims ownership of the 3,169,000 shares.
- [F2]The disposition of the 195,000 shares of common stock was through bona fide gifts.