Lindevall Kai Eugen Harald 4
4 · ENCORIUM GROUP INC · Filed Jan 13, 2010
Insider Transaction Report
Form 4
Lindevall Kai Eugen Harald
DirectorPres. European and Asian Oper.
Transactions
- Other
Common Stock
2009-12-30$150718.75/sh+211,250$31,839,335,938→ 1,825,626 total
Holdings
- 187,886(indirect: By Spouse)
Common Stock
Footnotes (2)
- [F1]On December 16, 2009 Encorium Oy, Encorium Group, Inc.'s (the "Company") wholly-owned Finnish subsidiary, entered into a three year term loan facility in the amount of EURO 700,000 (the "Loan Facility") with Finnvera plc, a specialized financing company owned by the Finnish state ("Finnvera"). As collateral for the Loan Facility, Dr. Lindevall gave a personal guarantee of EURO 30,000. Dr. Kai Lindevall also executed a personal guarantee of EURO 100,000 to Svenska Handelsbanken AB as replacement collateral for the assets subject to the business mortgage that was transferred to Finnvera. On December 30, 2009 the Board of Directors granted Dr. Lindevall 211,250 shares as consideration for his personal guarantees. The closing price of the common stock on the date of closing of the Loan Facility was $.265 per share.
- [F2]The reporting person disclaims beneficial ownership of the shares held by his wife.