Ott Joerg 4
4 · GBS Enterprises Inc · Filed Feb 27, 2012
Insider Transaction Report
Form 4
Ott Joerg
DirectorCEO AND CHAIRMAN
Transactions
- Purchase
Common Stock
2010-11-08+300,000→ 300,000 total
Holdings
- 1,550,000(indirect: See Footnote)
Common Stock
Footnotes (2)
- [F1]As previously reported by the Issuer, on April 26, 2010, Lotus Holdings Limited ("Lotus") acquired a majority of the outstanding Common Stock of the Issuer (then known as SWAV Enterprises, Ltd. (OTCBB: SWAV)). On November 8, 2010, Lotus transferred 300,000 shares of Issuer's Common Stock to the Reporting Person in satisfaction of indebtedness owed the Reporting Person by Lotus at a price of $1.17 per share, or an aggregate of $351,000, in full satisfaction of such outstanding indebtedness.
- [F2]Held by vbv Vitamin-B Venture GmbH, an entity of which the Reporting Person is the Managing Member.