Industrial Enterprises of America, Inc. 3
3 · Industrial Enterprises of America, Inc. · Filed Mar 12, 2013
Insider Transaction Report
Form 3
Hapfus, LLC
10% Owner
Holdings
- 0
Common Stock
Footnotes (1)
- [F1]On February 20, 2013, the reporting person entered into a stock purchase agreement (the "Stock Purchase Agreement") with Beryl Zyskind (the "Seller"), pursuant to which the reporting person agreed to purchase 105,500,281 shares (the "Shares") of common stock of Industrial Enterprises of America, Inc. (the "Issuer"), subject to the satisfaction of certain closing conditions. Pursuant to the Stock Purchase Agreement, on March 3, 2013, the Seller granted to the reporting person an irrevocable proxy to vote the Shares for all purposes. The reporting person is filing this Form 3 because it may have acquired beneficial ownership of more than ten percent of the common stock of the Issuer as a result of receiving the proxy over the Shares. Until the closing of the transactions contemplated by the Stock Purchase Agreement, the reporting person will not acquire a pecuniary interest in any of the Shares.