Sorensen Betina 4
4 · MEDIANET GROUP TECHNOLOGIES INC · Filed Feb 25, 2011
Insider Transaction Report
Form 4
Sorensen Betina
Head of Marketing10% Owner
Transactions
- Exercise/Conversion
Common Stock
2010-09-30+67,820,304→ 67,820,304 total(indirect: See Note) - Award
Common Stock
2010-09-30+1,000,000→ 68,820,304 total - Award
Common Stock
2010-12-31+500,000→ 69,320,304 total - Award
Common Stock
2011-03-31+500,000→ 69,820,304 total - Exercise/Conversion
Series A Convertible Preferred Stock
2010-09-30−1,221,667→ 0 total(indirect: See Note)→ Common Stock (67,820,304 underlying)
Footnotes (2)
- [F1]As of September 30, 2010, Zen Holding Group Limited ("Zen") held of record 3,858,067 shares of Preferred Stock which, as of such Date, had been converted into 214,178,946 shares of Common Stock based upon the then applicable conversion rate of 55.514574. As of the Conversion Date and the date of the filing of this Form 4 (the "Filing Date"), Mr. Hansen had an approximately 31.67% pecuniary interest in the assets of Zen and the indirect shared right to vote and make investment decisions with respect to Zen. Mr. Hansen disclaims a pecuniary interest in any other shares of Preferred Stock or Common Stock. The Preferred Stock does not have an expiration date. The Preferred Stock does not have an expiration date.
- [F2]Shares received for services as Marketing Officer according to the Restricted Stock Agreement filed on September 30, 2010.