SHIN YOUNG HYUN 4
4 · I/OMAGIC CORP · Filed Apr 8, 2004
Insider Transaction Report
Form 4
I/OMAGIC CORPIOMG
SHIN YOUNG HYUN
Director
Transactions
- Other
Common Stock, par value $0.001
2003-10-22−375,529→ 0 total(indirect: BTC Korea Co., Ltd.)
Footnotes (2)
- [F1]Mr. Shin was the Chief Executive Officer and President of BTC Korea Co., Ltd. until his resignation on October 22, 2003. Until his resignation, Mr. Shin beneficially owned 375,529 shares of the issuer's common stock issued in the name of BTC Korea Co., Ltd. as a result of his sole voting and/or sole investment power over those shares. As a consequence of his resignation, Mr. Shin no longer possessed sole voting and/or sole investment power over those shares and therefore no longer beneficially owned those shares.
- [F2]Mr. Shin's disposition of the beneficial ownership of the 375,529 shares of the issuer's common stock resulted from his resignation as Chief Executive Officer and President of BTC Korea Co., Ltd. Accordingly, no value is attributed to those shares in connection with Mr. Shin's disposition thereof.