SILICON SOUTH INC 4
4 · SILICON SOUTH INC · Filed Nov 28, 2011
Insider Transaction Report
Form 4
HAUFF BRIAN
DirectorCEO, President10% Owner
Transactions
- Other
Common Stock
2011-11-23$0.00/sh+50,000$50→ 6,300,000 total(indirect: 50% owner of Asiamera Capital, so deemed to own 1,300,000 shares)
Footnotes (5)
- [F1]In July 2011, Asiamera Capital, a founder of the Company, transferred 250,000 shares on behalf of the Company to Xinlin Huang, in accordance with the Consulting Agreement dated June 1, 2011. However, effective Sept 30, 2011, Ms. Huang resigned, terminating the agreement and agreed to return 100,000 shares after completing only 4 months of the anticipated 3-year term of the agreement.
- [F2]Asiamera Capital, Inc., has received 100,000 returned common stock. Mr. Hauff owns 50% of Asiamera Capital, as such Mr. Hauff is deemed to indirectly beneficially own 50% of the shares (or 50,000) acquired through this return transfer.
- [F3]The original transfer/disposition was valued at par value.
- [F4]This figure represents 5,000,000 common stock beneficially owned directly by Mr. Hauff, as well as 1,300,000 common stock deemed to be beneficially owned indirectly by Mr. Hauff through his 50% ownership of Asiamera Capital, Inc., which holds 2,600,000 common stock.
- [F5]There is no change in 5,000,000 common stock beneficially owned directly. Reporting only on the return acquisition of indirectly beneficially owned stock, owned by Asiamera Capital, Inc.