SHIN JOON SOO 4
4 · POWER AIR CORP · Filed Jan 5, 2010
Insider Transaction Report
Form 4
POWER AIR CORPPWAZ
SHIN JOON SOO
Director10% Owner
Transactions
- Purchase
Share Purchase Warrants
2009-10-07$0.20/sh+2,000,000$400,000→ 2,000,000 totalExercise: $0.20From: 2009-10-07Exp: 2011-10-07→ common stock (2,000,000 underlying) - Purchase
Common Stock
2009-10-07$0.20/sh+2,000,000$400,000→ 2,000,000 total
Footnotes (3)
- [F1]The Reporting Person acquired 2,000,000 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 shares held directly by the Reporting Person, the Reporting Person is a director, senior officer and shareholder of Somo Petroleum Co., Ltd. ("Somo"), a private Korean company that owns 571,429 shares of the Issuer. The Reporting Person disclaims beneficial ownership over the shares held by Somo as voting and dispositive power in these shares resides with such corporation.
- [F3]The Reporting Person also holds options to purchase 10,000 shares at $1.40 per share, expiring April 11, 2013.