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4//SEC Filing

SHEAHAN BARRY A 4

Accession 0001167518-03-000001

CIK 0001096013other

Filed

Oct 1, 8:00 PM ET

Accepted

Oct 2, 9:54 PM ET

Size

33.3 KB

Accession

0001167518-03-000001

Insider Transaction Report

Form 4
Period: 2003-01-02
SHEAHAN BARRY A
DirectorChief Financial Officer
Transactions
  • Other

    Common stock

    2003-06-18+50,000169,995 total(indirect: By corporation)
  • Other

    Common stock

    2003-10-01$0.10/sh+331,635$34,490501,630 total(indirect: By corporation)
  • Award

    Call option (right to buy)

    2003-06-02+1,0001,000 total(indirect: By corporation)
    Exercise: $2.00From: 2003-06-02Exp: 2008-06-02Common stock (1,000 underlying)
  • Award

    Call option (right to buy)

    2003-08-02+1,0001,000 total(indirect: By corporation)
    Exercise: $2.00From: 2003-08-02Exp: 2008-08-02Common stock (1,000 underlying)
  • Award

    Call option (right to buy)

    2003-01-02+1,0001,000 total(indirect: By corporation)
    Exercise: $2.00From: 2003-01-02Exp: 2008-01-02Common stock (1,000 underlying)
  • Award

    Call option (right to buy)

    2003-03-02+1,0001,000 total(indirect: By corporation)
    Exercise: $2.00From: 2003-03-02Exp: 2008-03-02Common stock (1,000 underlying)
  • Award

    Call option (right to buy)

    2003-05-02+1,0001,000 total(indirect: By corporation)
    Exercise: $2.00From: 2003-05-02Exp: 2008-05-02Common stock (1,000 underlying)
  • Award

    Call option (right to buy)

    2003-09-02+1,0001,000 total(indirect: By corporation)
    Exercise: $2.00From: 2003-09-02Exp: 2008-09-02Common stock (1,000 underlying)
  • Award

    Call option (right to buy)

    2003-02-02+1,0001,000 total(indirect: By corporation)
    Exercise: $2.00From: 2003-02-02Exp: 2008-02-02Common stock (1,000 underlying)
  • Other

    Common stock

    2003-03-06$0.67/sh+52,520$35,188119,995 total(indirect: By corporation)
  • Award

    Call option (right to buy)

    2003-10-02+1,0001,000 total(indirect: By corporation)
    Exercise: $2.00From: 2003-10-02Exp: 2008-10-02Common stock (1,000 underlying)
  • Award

    Call option (right to buy)

    2003-04-02+1,0001,000 total(indirect: By corporation)
    Exercise: $2.00From: 2003-04-02Exp: 2008-04-02Common stock (1,000 underlying)
  • Award

    Call option (right to buy)

    2003-07-02+1,0001,000 total(indirect: By corporation)
    Exercise: $2.00From: 2003-07-02Exp: 2008-07-02Common stock (1,000 underlying)
Footnotes (7)
  • [F1]Conversion of indebtedness into common stock. Shares issued and distributed on March 6, 2003. Conversion authorized by board of directors and transaction consented to by recipient on September 13, 2002. The valuation for issuance is CDN $1 (US $0.67) per share per agreement by parties. This price does not comport to the trading value of the shares on the public market, which was approximately $0.10 per share as of date of approval.
  • [F2]See footnote (1).
  • [F3]McSheahan Enterprises Ltd., a personal service company controlled by Mr. Sheahan. Mr. Sheahan owns a pecuniary interest in only a portion of the shares held by McSheahan Enterprises Ltd., and disclaims beneficial ownership thereof except to the extent of such pecuniary ownership.
  • [F4]Distribution by BO Technical Developments Ltd. to its shareholders.
  • [F5]Conversion of indebtedness into common stock. Shares issued and distributed on October 1, 2003. Conversion authorized by board of directors and transaction consented to by recipient on July 1, 2003. The valuation for issuance reflects the trading value of the shares on the public market as of the date of agreement to convert.
  • [F6]See footnote (5).
  • [F7]Issued as additional monthly compensation pursuant to management services agreement.

Issuer

CLEAN ENERGY COMBUSTION SYSTEMS INC

CIK 0001096013

Entity typeother

Related Parties

1
  • filerCIK 0001167518

Filing Metadata

Form type
4
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 9:54 PM ET
Size
33.3 KB