GRUDEN WAYNE 4
4 · AMERICAN SIERRA GOLD CORP. · Filed Mar 31, 2010
Insider Transaction Report
Form 4
GRUDEN WAYNE
DirectorPresident; Treasurer10% Owner
Transactions
- Other
Common Stock
2009-10-14−19,000,000→ 33,000,000 total - Purchase
Common Stock
2009-03-26$0.02/sh+1,300,000$26,000→ 52,000,000 total
Footnotes (3)
- [F1]Purchased in private transactions between the Reporting Person and the Issuer's prior executive officers, directors and stockholders in connection with a change of control transaction. Reflects number of shares as a result of 40-for-1 forward stock split effected by the Issuer.
- [F2]The Reporting Person assigned the shares to the Issuer for cancellation without receipt of consideration therefor, as a contribution to capital of the Issuer.
- [F3]Includes 1,000,000 shares underlying a Warrant issued to the Issuer's Chief Financial Officer in a private party transaction on October 14, 2009. The Reporting Person personally assumed the Issuer's obligation to provide a stock compensation component pursuant to the Chief Financial Officer's consulting agreement with the Issuer. Although the shares underlying the Warrant are exercisable at any time until the expiration date, the Reporting Person maintains voting control of such shares underlying the Warrant unless and until exercised.