CHEN SI QIANG 4
4 · New Oriental Energy & Chemical Corp. · Filed Sep 30, 2010
Insider Transaction Report
Form 4
CHEN SI QIANG
DirectorChief Executive Officer
Transactions
- Purchase
Common Stock
2010-09-28$938496.00/sh+938,496$880,774,742,016→ 8,438,496 total
Footnotes (2)
- [F1]On September 28, 2010, New Oriental Energy & Chemical Corp. (the "Company") and Chen Siqiang entered into an Indebtedness Conversion Agreement (the "Conversion Agreement") pursuant to which, in lieu of cash payment for money Chen Siqiang advanced to the Company (the "Loans"), the Company issued shares of its common stock for such portion of the Loans.
- [F2]Auto Chance International Limited ("Auto Chance") owns 7,500,000 shares of common stock of the Company. As the majority stockholder of Auto Chance, Chen Siqiang has an indirect pecuniary interest in the common stock of the Company. Chen Siqiang owns, and has a direct pecuniary interest in, 938,496 shares of common stock of the Company pursuant to the Conversion Agreement.