RAPPAPORT MARTIN 4
4 · UNITED ENERGY CORP /NV/ · Filed Mar 31, 2009
Insider Transaction Report
Form 4
UNITED ENERGY CORP /NV/UNRG.OB
RAPPAPORT MARTIN
Director
Transactions
- Award
Warrant
2009-03-23+200,000→ 200,000 totalExercise: $0.13Exp: 2014-03-23→ Common Stock (200,000 underlying)
Footnotes (1)
- [F1]66,667 shares are exercisable immediately; 66,667 shares are exercisable commencing from April 12, 2009; and 66,666 derivative securities are exercisable commencing from May 2, 2009; provided, that in the event the Issuer repays in full a $50,000 loan from Mr. Rappaport before April 12, 2009, the total number of shares exercisable will be reduced by 133,333 and if the Issuer repays such loan before May 2, 2009, the total number of shares exercisable will be reduced by 66,666.