Wang Chaojun 4
4 · ACTION INDUSTRIES INC · Filed Jul 20, 2010
Insider Transaction Report
Form 4
Wang Chaojun
DirectorChief Executive Officer10% Owner
Transactions
- Conversion
Series A Convertible Preferred Stock
2010-07-16−5,178→ 0 total(indirect: See Footnote)→ Common Stock (5,100,330 underlying) - Conversion
Common Stock
2010-07-16+5,100,330→ 5,100,330 total(indirect: See Footnote)
Footnotes (2)
- [F1]On July 16, 2010, each outstanding share of Series A Convertible Preferred Stock automatically converted into 985 shares of common stock. The 5,178 shares of Series A Convertible Preferred stock converted into 5,100,330 shares of Common Stock.
- [F2]All shares are held by Merry Success Limited, a British Virgin Islands limited Company. Mr. Wang serves as Chief Executive Officer and as a director of Merry Success Limited and holds the right to exercise options to purchase up to 100% of the shares of Merry Success Limited.