ACHKARIAN HRAIR 4
4 · GroveWare Technologies Ltd. · Filed Mar 8, 2013
Insider Transaction Report
Form 4
ACHKARIAN HRAIR
DirectorCEO, President10% Owner
Transactions
- Disposition to Issuer
Common Stock
2013-02-15−500,000→ 39,500,000 total(indirect: GroveWare Holdings, Inc.)
Footnotes (2)
- [F1]On February 12, 2013, we signed an amendment to our Separation Agreement with Mr. Scott Boyes, our former CFO (the "Amendment") . Pursuant to the Amendment, our CEO, Mr. Hrair Achkarian, agreed to transfer Mr. Boyes 500,000 shares of his personal common stock as a replacement for the Company having to issue new common shares as required in the original Agreement.
- [F2]GroveWare Holdings, Inc. is beneficially owned by a trust in which Mr. Achkarian is the beneficial owner.