4//SEC Filing
Barrs Jason Randall 4
Accession 0001144204-11-052846
CIK 0001464766other
Filed
Sep 12, 8:00 PM ET
Accepted
Sep 13, 8:53 PM ET
Size
11.5 KB
Accession
0001144204-11-052846
Insider Transaction Report
Form 4
Loto Inc.NONE
Barrs Jason Randall
Director
Transactions
- Award
Option
2010-04-19+225,000→ 225,000 totalExercise: $1.50From: 2011-04-19Exp: 2013-04-19→ Common Stock (225,000 underlying) - Award
Option
2010-04-19+225,000→ 450,000 totalExercise: $1.50From: 2012-04-19Exp: 2013-04-19→ Common Stock (225,000 underlying) - Other
Common Stock
2011-09-13−606,296→ 18,693,704 total(indirect: Corporation) - Purchase
Common Stock
2010-04-19+19,300,000→ 19,300,000 total(indirect: Corporation)
Footnotes (3)
- [F1]On April 19, 2010, Mhalka Capital Investments Ltd. sold 19,300,000 shares of the common stock of Loto Inc. (the "Company) to 2238646 Ontario Inc. pursuant to a Stock Purchase Agreement in which 2238646 Ontario Inc. agreed to pay the purchase price in the form of a note in the amount of $28,950,000, which shall accrue interest at the rate of prime rate plus 1.5%, and shall be due three years from the date of issuance.
- [F2]On April 19, 2010, 2238646 Ontario Inc. entered into a Tender And Cancellation Agreement Re Company Private Placements with the Company, purusant to which 2238646 Ontario has agreed to tender one-half-of-one share for each one share to be sold by the Company certain in private placements, up to a total of 4,000,000 shares of the Company's common stock. As of September 13, 2011, 606,296 of 2238646 Ontario Inc.'s shares of the Company's common stock are to be cancelled.
- [F3]Jason Randall Barrs, a director of the Company has been granted options to purchase 450,000 shares of the Company's common stock at a purchase price of $1.50 per share. The options vested on April 19, 2011 and Mr. Barrs may exercise up to 225,000 such options on April 19, 2011 and an additional 225,000 options on April 19, 2012. The right to exercise these options will expire on April 19, 2013.
Documents
Issuer
Loto Inc.
CIK 0001464766
Entity typeother
Related Parties
1- filerCIK 0001480704
Filing Metadata
- Form type
- 4
- Filed
- Sep 12, 8:00 PM ET
- Accepted
- Sep 13, 8:53 PM ET
- Size
- 11.5 KB