SPORNS NORBERT 5
5 · HQ SUSTAINABLE MARITIME INDUSTRIES, INC. · Filed Feb 16, 2010
Insider Transaction Report
Form 5
SPORNS NORBERT
DirectorCEO & President10% Owner
Transactions
- Exercise/Conversion
Common Stock
2007-01-30$5.60/sh+25,000$140,000→ 25,000 total - Purchase
Series A Preferred Stock
2005-12-15+100,000→ 100,000 total(indirect: By Sino-Sult Canada (S.S.C.) Limited)From: 2005-12-15→ Common Stock (10,000 underlying) - Exercise/Conversion
Stock Option
2007-01-30−25,000→ 0 totalExercise: $5.60From: 2004-11-23Exp: 2014-11-23→ Common Stock (25,000 underlying)
Holdings
- 1,794,143(indirect: By Red Coral Group Limited)
Common Stock
- 1,421,529(indirect: By Sino-Sult Canada (S.S.C.) Limited)
Common Stock
Footnotes (3)
- [F1]All figures reported on this form reflect the 1-for-20 reverse stock split on January 31, 2007.
- [F2]The reporting person is a director and 24% owner of this entity. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F3]Each share of the Series A preferred stock converts into 0.1 share of the issuer's common stock and has no expiration date. These securities represent a portion of the consideration received by Sino-Sult Canada (S.S.C) Limited in partial satisfaction of an outstanding promissory note for $100,000.