4//SEC Filing
Magami Steven 4
Accession 0001144204-07-049540
CIK 0001283193other
Filed
Sep 13, 8:00 PM ET
Accepted
Sep 14, 4:43 PM ET
Size
8.6 KB
Accession
0001144204-07-049540
Insider Transaction Report
Form 4
Magami Steven
DirectorPresident
Transactions
- Other
Common Stock
2007-09-12+1,565,000→ 2,765,000 total(indirect: Held by a Limited Liability Company) - Other
Common Stock
2007-09-12+950,000→ 1,350,000 total(indirect: Held by a Limited Liability Company)
Footnotes (3)
- [F1]Shares owned by SGM Capital, LLC ("SGM"). The reporting person is a Managing Member of SGM and has investing and dispositive control over these shares.
- [F2]Shares owned by Arc Investment Partners, LLC ("ARC"). The reporting person is a partner of ARC and shares investing and dispositive control over these shares and disclaims beneficial interest in such shares except to the extent of his pecuniary interest.
- [F3]On February 6, 2007, PBOF, Steven Magami and certain shareholders (Mr. Magami and certain shareholders, collectively, the "Transferring Shareholders") entered into an agreement with ARC Investment Partners ("ARC"), Tapirdo Enterprises, LLC, ("Tapirdo") and SGM Capital, LLC, ("SGM") pursuant to which the Transferring Shareholders will transfer (1) 3,000,000 shares of PBOF's common stock to ARC, (2) 2,000,000 shares of PBOF's common stock to Tapirdo and (3) 1,000,000 shares of PBOF's common stock to SGM (collectively, the "Shares"), upon the completion by PBOF of a financing of no less than $7.5 million by June 30, 2007. On August 30, 2007, PBOF, the Transferring Shareholders, ARC Tapirdo, SGM, and US Bank National Association (the "Escrow Agent") entered into an amendment to the escrow agreement, entered into on June 22, 2007, pursuant to which the Transferring Shareholders will transfer the Shares upon the Company entering into a financing transaction, as referred above, on or before October 31, 2007. On September 12, 2007, PBOF closed a $30.0 million financing entitling ARC, Tapirdo and SGM to their respective portions of 60% of the Shares.
Documents
Issuer
PURE BIOFUELS CORP
CIK 0001283193
Entity typeother
Related Parties
1- filerCIK 0001390252
Filing Metadata
- Form type
- 4
- Filed
- Sep 13, 8:00 PM ET
- Accepted
- Sep 14, 4:43 PM ET
- Size
- 8.6 KB