4/A//SEC Filing
HANSEN MICHAEL 4/A
Accession 0001144204-11-010937
CIK 0001097792other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 11:16 AM ET
Size
10.0 KB
Accession
0001144204-11-010937
Insider Transaction Report
Form 4/AAmended
HANSEN MICHAEL
President and CEO10% Owner
Transactions
- Purchase
Series A Convertible Preferred Stock
2010-05-24+1,221,667→ 1,221,667 total(indirect: See footnote)→ Common Stock (67,820,304 underlying) - Expiration (Short)
Series A Convertible Preferred Stock
2010-05-24−1,221,500→ 0 total(indirect: See footnote)→ Common Stock (66,844,112 underlying)
Footnotes (4)
- [F1]The shares of Series A Convertible Preferred Stock (the "Preferred Stock") are automatically convertible without additional consideration into shares of Common Stock of MediaNet Group Technologies, Inc. (the "Company") upon the Company's amendment of its Articles of Incorporation to increase the authorized number of shares of its Common Stock to 500 million. The Series A Preferred Stock does not have an expiration date.
- [F2]As of May 24, 2010, Mr. Hansen had an approximately 24.43% pecuniary interest in the assets of Zen. As of such date, Zen transferred to the Company 1,141,933 shares of Preferred Stock and, accordingly, Zen held of record 3,858,067 shares of the Preferred Stock.
- [F3]On May 24, 2010, the rate at which the Preferred Stock was convertible into Common Stock was amended from the December 2009 Conversion Ratio to 55.514574 shares of Common Stock for each share of Preferred Stock (the "May 2010 Conversion Ratio"). The amendment is being reported above as the cancellation of the shares of Preferred Stock with the December 2009 Conversion Ratio and the acquisition of new shares of Preferred Stock with the May 2010 Conversion Ratio.
- [F4]Due to a rounding error in the calculation method used to determine the amount of shares of Preferred Stock beneficially owned by Mr. Hansen, this amount had been reported incorrectly before and is corrected with this entry.
Documents
Issuer
MEDIANET GROUP TECHNOLOGIES INC
CIK 0001097792
Entity typeother
Related Parties
1- filerCIK 0001475599
Filing Metadata
- Form type
- 4/A
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 11:16 AM ET
- Size
- 10.0 KB