4//SEC Filing
MOK DALEY 4
Accession 0001214659-09-000629
CIK 0000934796other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 4:51 PM ET
Size
10.4 KB
Accession
0001214659-09-000629
Insider Transaction Report
Form 4
NETWORK CN INCNWCN
MOK DALEY
DirectorChief Financial Officer
Transactions
- Award
Common Stock, par value $0.001 per share
2007-07-23+1,500,000→ 1,550,000 total - Award
Common Stock, par value $0.001 per share
2007-09-05+25,000→ 1,575,000 total - Gift
Common Stock, par value $0.001 per share
2007-09-12−25,000→ 1,550,000 total
Holdings
- 50,000
Common Stock, par value $0.001 per share
Footnotes (4)
- [F1]On July 23, 2007, the Reporting Person received an aggregate award of 1,500,000 shares of the Issuer's common stock, as consideration for services rendered as of July 1, 2007, as the Issuer's Chief Financial Officer, pursuant to an executive employment agreement, dated July 23, 2007, between the Issuer and the Reporting Person.
- [F2]So long as the Reporting Person remains employed by the Issuer, the shares awarded will vest annually over a five-year period, with: 100,000 shares vesting on December 31, 2007; 200,000 vesting on December 31, 2008; 300,000 vesting on December 31, 2009; 400,000 vesting on December 31, 2010 and 500,000 vesting on December 31, 2011. The first 100,000 shares vested on December 31, 2007, but on September 29, 2008, in response to the current global economic crisis, the Issuer's board of directors resolved to withhold until further notice, the issuance of all shares scheduled to be vested in 2008, including the 200,000 shares to which the Reporting Person was entitled as of December 31, 2008.
- [F3]Represents shares of the Issuer's common stock awarded to Mr. Mok on September 5, 2007, pursuant to his former employment agreement.
- [F4]Represents shares of the Issuer's common stock disposed of by the Reporting Person on September 12, 2007.
Documents
Issuer
NETWORK CN INC
CIK 0000934796
Entity typeother
Related Parties
1- filerCIK 0001356982
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 4:51 PM ET
- Size
- 10.4 KB