Cussen Patrick A 4
4 · Li3 Energy, Inc. · Filed May 28, 2013
Insider Transaction Report
Form 4
Li3 Energy, Inc.LIEG
Cussen Patrick A
DirectorChairman of the Board
Transactions
- Other
Common Stock
2013-05-03$0.07/sh+716,418$48,000→ 3,079,478 total(indirect: By Hibernia Ltd.)
Footnotes (2)
- [F1]The Reporting Person acquired the shares in exchange for the forgiveness of $48,000 owed to him by Li3 Energy, Inc., pursuant to a Stock Settlement Agreement, dated as of May 3, 2013.
- [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.