GLOBAL ENERGY INC|4Mar 31, 2:07 PM ET

Ganot Yuval 4

4 · GLOBAL ENERGY INC · Filed Mar 31, 2011

Form 4

Period: 2011-03-30

Director

Transactions

Award
Options (right to buy)
2011-03-31+200,000→ 200,000 total
Exercise: $0.02From: 2010-01-31Exp: 2013-01-31→ Common Stock (200,000 underlying)
Award
Options (right to buy)
2011-03-31+200,000→ 600,000 total
Exercise: $0.04From: 2010-01-31Exp: 2013-01-31→ Common Stock (200,000 underlying)
Purchase
Common Stock
2011-03-30$500000.00/sh+50,000,000$25,000,000,000,000→ 150,000,000 total(indirect: By Noam Elimelech Ltd.)
Award
Options (right to buy)
2011-03-31+200,000→ 400,000 total
Exercise: $0.03From: 2010-01-31Exp: 2013-01-31→ Common Stock (200,000 underlying)

Footnotes (4)

[F1]Represents the final purchase of shares pursuant to the terms of a Securities Purchase Agreement dated September 10, 2009, as amended on December 23, 2009, between the Registrant and Noam Elimelech Ltd. ("Noam"), an Israeli private company wholly owned by Mr. Ganot (the "Agreement"). Under the terms of the Agreement, Noam purchased over a period of sixteen months a total aggregate amount of 150,000,000 of the Registrant's shares of Common Stock in exchange for an aggregate purchase price of $1,500,000.
[F2](i) One-third of the 600,000 options issued to the Reporting Person have an exercise price of $0.0243; (ii) one-third of the options have an exercise price of $0.0304; and (iii) one-third of the options have an exercise price of $0.0365.
[F3]The options were granted for no cash consideration pursuant to the 2007 Share Option Plan.
[F4]These options were approved by the Board of Directors on January 31, 2010; an option agreement was executed on March 31, 2011.

Documents

1 file