ZHEN CHEN 4
4 · Avatar Ventures Corp. · Filed Apr 13, 2011
Insider Transaction Report
Form 4
ZHEN CHEN
DirectorCEO, Sec, Treasurer10% Owner
Transactions
- Other
Common Stock
2011-01-29−1,750,000→ 2,750,000 total
Footnotes (2)
- [F1]On January 29, 2011, the Reporting Person returned 1,750,000 common shares to the Company for cancellation. Mr. Chen returned the shares for cancellation in order to reduce the number of shares issued and outstanding. Subsequent to the cancellation and before the dividend payment, the Company had 5,250,000 shares issued and outstanding, a number that Mr. Chen who is also a director of the Company, considers more in line with the Company's current business plans.
- [F2]N/A