BALTIA AIR LINES INC 4
4 · BALTIA AIR LINES INC · Filed May 20, 2015
Insider Transaction Report
Form 4
Clare Barry
VP Finance
Transactions
- Purchase
Common Stock
2015-05-18$0.01/sh+3,750,000$30,000→ 147,003,998 total
Footnotes (1)
- [F1]A recent audit of shares revealed several errors in the amount of shares of the reporting person, including the misreporting of 12,000,000 shares due to the theft of the certificates in 2011, reported as cancelled rather than "stopped". This means that the shares continue to be in the name of the reporting person even though the certificates are not in his possession. In addition, it appears that some shares were transferred to a brokerage and distributed to a business partner of the reporting person back in 2006 or 2007. The total shares reported herein derive directly from the listing with the transfer agent and the reporting persons broker.