4//SEC Filing
Ang Kang Han 4
Accession 0001140361-11-011975
CIK 0000861370other
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 5:18 PM ET
Size
6.9 KB
Accession
0001140361-11-011975
Insider Transaction Report
Form 4
Ang Kang Han
DirectorPresident10% Owner
Transactions
- Disposition to Issuer
Series A Convertible Preferred Stock
2011-02-14−173→ 16,435 total(indirect: See Footnote (2))→ Common Stock
Footnotes (2)
- [F1]The shares of Series A Convertible Preferred Stock were issued in connection with the Securities Exchange Agreement dated February 14, 2011. Each Series A Convertible Preferred Stock is automatically converted into shares of Common Stock on the basis of one share of Series A Preferred Stock for 1,000 shares of Common Stock immediately subsequent to the effectiveness of a planned 1-for-18.29069125 reverse split of the Company's outstanding Common Stock.
- [F2]The 16,435 shares of Series A Convertible Preferred Stock consist of 15,475 shares held by China Changsheng Investment Limited and 960 shares held by China Longshan Investment Limited, and shall convert into 16,435,000 shares of Common Stock post reverse stock split. Mr. Ang is the beneficial owner of these entities. The registered shareholder of these entities is a nominee for Mr. Ang. Accordingly, Mr. Ang ultimately holds voting and discretionary power as to these shares of Series A Preferred Stock.
Documents
Issuer
SOONER HOLDINGS INC /OK/
CIK 0000861370
Entity typeother
Related Parties
1- filerCIK 0001513746
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 5:18 PM ET
- Size
- 6.9 KB