Li Fuchao 4
4 · E-Band Media, Inc. · Filed Apr 20, 2011
Insider Transaction Report
Form 4
Li Fuchao
DirectorChairman10% Owner
Transactions
- Conversion
Series A Convertible Preferred Stock
2011-04-18−14,824→ 0 total(indirect: See footnote 3)→ Common Stock (14,824,000 underlying) - Conversion
Common Stock
2011-04-18+14,824,000→ 15,369,610 total(indirect: See footnote 3)
Footnotes (3)
- [F1]Effective April 18, 2011 the issuer effected a 1-for-14.375 reverse stock split of its outstanding shares of Common Stock. Pursuant to the terms set forth in the Certificate of Designation of the Series A Convertible Preferred Stock, each outstanding share of Series A Convertible Preferred Stock automatically converted into 1,000 shares of Common Stock upon effectiveness of the reverse stock split. The Series A Convertible Preferred Stock shares were issued in connection with the Securities Exchange Agreement dated February 11, 2011 and reflects securities issued to New-Source Group Limited, which securities are beneficially owned by Mr. Li as a result of the closing of the transaction contemplated in such agreement.
- [F2]Includes adjusted 545,610 shares of common stock resulting from issuer's reverse stock split described in Footnote 1.
- [F3]Shares held by New-Source Group Limited, a British Virgin Islands limited company. Mr. Li is the sole director and beneficial owner of this entity.