Green Kevin O C 4
4 · Omagine, Inc. · Filed Mar 18, 2010
Insider Transaction Report
Form 4
Omagine, Inc.OMAG
Green Kevin O C
Director
Transactions
- Disposition to Issuer
Common Stock
2010-03-04$0.06/sh−0.7$0→ 21,943 total
Footnotes (1)
- [F1]The seven-tenths of one share disposed of represents the compulsory disposition of a fraction of one (1) share of the Issuer's Common Stock owned by the Reporting Person resulting from the 100-for-1 reverse split and subsequent 1-for-20 forward split (the "Stock Splits") effected on December 30, 2009. In lieu of issuing any fractional shares resulting from the Stock Splits, the Issuer shall distribute a cash payment for all such fractional shares to the owners thereof following the aggregation and sale by the Issuer's transfer agent of all fractional shares resulting from the Stock Splits. The sale of all such fractional shares was consummated on March 4, 2010. The number of shares of the Issuer's Common Stock being reported in Column 5 gives effect to the Stock Splits and the compulsory disposition by the Reporting Person of seven-tenths share.