Elbaz Amir 4
4 · GLOBAL ENERGY INC · Filed Jun 7, 2010
Insider Transaction Report
Form 4
Elbaz Amir
Director
Transactions
- Purchase
Common Stock
2010-06-01$0.01/sh+12,920,000$129,200→ 12,920,000 total
Footnotes (1)
- [F1]Of these shares: (i) 1,320,000 shares were issued in lieu of accrued director fees in the aggregate amount of $13,200 that were owed to Mr. Elbaz, (ii) 5,000,000 shares were issued in lieu of cash fees in the aggregate amount of $ 50,000 owed to Mr. Elbaz in connection with his services in the YA Global investment in Global Energy under the Consulting Services, Compensation Agreement and Non Circumvent Agreement with us, dated May 22, 2008, and (iii) 6,600,000 shares were issued in lieu of cash fees in the aggregate amount of $ 66,000 owned to Mr. Elbaz under his Consulting Agreement with us, dated January 1, 2009.