Metzman Mitchell 4
4 · ISRAEL GROWTH PARTNERS ACQUISITION CORP. · Filed Mar 11, 2011
Insider Transaction Report
Form 4
Metzman Mitchell
CFO and Secretary10% Owner
Transactions
- Exercise of In-Money
Common Stock
2011-03-10$0.02/sh+16,000,000$320,000→ 17,400,000 total(indirect: By LLC) - Sale
Common Stock
2011-03-10$1.49/sh−215,097$320,495→ 17,184,903 total(indirect: By LLC) - Exercise of In-Money
Common Stock Warrants (right to buy)
2011-03-10−16,000,000→ 0 total(indirect: By LLC)Exercise: $0.02From: 2010-12-27Exp: 2015-12-27→ Common Stock (16,000,000 underlying) - Other
Common Stock Warrants (right to buy)
2010-12-27+16,000,000→ 16,000,000 total(indirect: By LLC)Exercise: $0.02From: 2010-12-27Exp: 2015-12-27→ Common Stock (16,000,000 underlying)
Footnotes (2)
- [F1]The shares are held in the name of Moorland Lane Partners, LLC ("Moorland"). In his capacities as a manager and member of Moorland, the Reporting Person may be deemed to be the beneficial owner of such shares. The Reporting Person expressly disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein, if any.
- [F2]In consideration of the loan from Moorland evidenced by a promissory note dated December 27, 2010, the Issuer issued a warrant to purchase 16,000,000 shares of its common stock to Moorland.