Petals Decorative Accents, Inc. 4
4 · Petals Decorative Accents, Inc. · Filed Dec 12, 2006
Insider Transaction Report
Form 4
SARGENT HENRY B III
Director
Transactions
- Other
Right To Acquire
2006-12-11−1,900,000→ 0 total(indirect: See Footnote)Exercise: $0.00→ common (1,900,000 underlying)
Footnotes (2)
- [F1]Henry Sargent is a Director of the Issuer, and is the Manager of Mountain West Partners LLC. On July 31, 2006, Petals Decorative Accents LLC ("Petals LLC") entered into an Assignment Agreement with Mountain West Partners LLC, a Delaware limited liability company, pursuant to which Mountain West Partners LLC was to receive 5,700,000 (1,900,000 post-reverse) shares of Common Stock in exchange for services to be provided to Petals LLC (the "Assignment"). The Assignment was never performed and the shares of Common Stock were never transferred to Mountain West Partners LLC. Subsequently, on December 11, 2006 the parties entered into a Rescission Agreement to evidence the voidance of the Assignment.
- [F2]N/A