POWIN CORP 4
4 · POWIN CORP · Filed Aug 18, 2016
Insider Transaction Report
Form 4
POWIN CORPPWON
LU JOSEPH
DirectorCEO10% Owner
Transactions
- Sale
Common Stock
[F1][F2]2016-07-17$2.51/sh−1,992,402$5,000,929→ 17,358,635 total(indirect: See Footnote) - Exercise/Conversion
Common Stock
[F3][F2]2016-07-10$0.56/sh+5,951,947$3,333,090→ 19,351,037 total(indirect: See Footnote)
Footnotes (3)
- [F1]The shares were pledged to a private party for a loan to the Reporting Person and eventually assigned and transferred to the lender in full satisfaction of the loan. The price per share is based on the amount of the loan and the number of shares pledged.
- [F2]These shares are held by the Joseph Lu Trust and by the Mei Yi Living Trust, respectively.
- [F3]The reported 5,951,947 shares were issued upon the conversion of the Issuer's 2015 Preferred Stock at the ratio of one --for-one. The price of the common stock issued upon the conversion reflects the original issuance price per share for the preferred stock.
Signature
/s/ Joseph Lu|2016-08-18