HUR JAHONG 4
4 · POWER AIR CORP · Filed Dec 24, 2009
Insider Transaction Report
Form 4
POWER AIR CORPPWAZ
HUR JAHONG
Director10% Owner
Transactions
- Purchase
Common Stock
2009-10-07$0.20/sh+2,500,000$500,000→ 2,500,000 total(indirect: By H-Plus Holdings Ltd.) - Purchase
Share Purchase Warrants
2009-10-07$0.20/sh+2,500,000$500,000→ 2,500,000 total(indirect: By H-Plus Holdings Ltd.)Exercise: $0.20From: 2009-10-07Exp: 2011-10-07→ common stock (2,500,000 underlying)
Footnotes (3)
- [F1]H-Plus Holdings Ltd. ("H-Plus Holdings"), a South Korean corporation that is wholly owned by the Reporting Person, acquired 2,500,000 units (each unit consisting of one share of the Issuer's common stock and one share purchase warrant) pursuant to a private placement at a price of $0.20 per unit.
- [F2]In addition to the 2,500,000 shares held by the Reporting Person through H-Plus Holdings, the Reporting Person indirectly holds 2,400,000 shares through H-Plus Eco Ltd. ("H-Plus Eco") and directly holds 1,091429 shares.
- [F3]In addition to the 2,500,000 share purchase warrants held by the Reporting Person through H-Plus Holdings, the Reporting Person indirectly holds 2,400,000 share purchase warrants through H-Plus Eco and directly holds 500,000 share purchase warrants and options to purchase 100,000 shares.