Magami Steven 4
4 · Stratos Renewables CORP · Filed Jul 24, 2009
Insider Transaction Report
Form 4
Magami Steven
Director10% Owner
Transactions
- Purchase
COMMON STOCK, par value $.001
2009-07-15+18,801,527→ 29,620,484 total(indirect: By LLC) - Sale
Series A Preferred Stock
2009-07-15−7,147,857→ 0 total(indirect: By LLC)→ Common Stock (7,147,857 underlying)
Footnotes (1)
- [F1]Pursuant to an agreement (a copy of which is attached as an Exhibit to Issuer's Current Report on Form 8-K filed on July 20, 2009), dated as of July 15, 2009, by and between the Company, I2BF and Blue Day SC Ventures, a joint venture of BlueDay Limited, a BVI company and MA Green, LLC (collectively, the "Investors"), the Investors purchased Notes in the aggregate principal amount of $15,382,271 and an aggregate of 55,586,158 shares of the Common Stock of the Company. As a result MA Green, inclusive of tendering all its Series A Preferred to the issuer, beneficially acquired 18,801,527 shares of common stock in the transaction and currently owns an aggregate of 22,852,466 shares of issuer common stock. With SGM Capital LLC, Reporting Person beneficially owns a total of 29,620,484 shares of common stock. Mr. Magami is the manager of each entity and exercises voting and investment control over the shares registered in the name of each entity.