Cussen Patrick A 4
4 · Li3 Energy, Inc. · Filed Sep 28, 2012
Insider Transaction Report
Form 4
Li3 Energy, Inc.LIEG.OB
Cussen Patrick A
DirectorChairman of the Board
Transactions
- Other
Common Stock
2012-09-07$0.07/sh+863,060$57,825→ 2,363,060 total(indirect: By Hibernia Ltd.)
Holdings
- 555,556(indirect: By Celta Consultores Limitada)
Common Stock
Footnotes (3)
- [F1]The Reporting Person acquired the shares in exchange for the forgiveness of $57,825 owed to him by Li3 Energy, Inc., pursuant to a Stock Settlement Agreement, dated as of September 7, 2012.
- [F2]The Reporting Person is the President and sole Director of Hibernia Ltd. ("Hibernia") and is the sole equity owner thereof. The Reporting Person may be deemed to beneficially own the securities held by Hibernia.
- [F3]The Reporting Person is the President of Celta Consultores Limitada ("Celta") and owns a minority equity interest therein. The Reporting Person disclaims beneficial ownership of the securities held by Celta, except to the extent of his pecuniary interest therein.