Mitha Abdul A 4
4 · CLEAN POWER TECHNOLOGIES INC. · Filed Jun 25, 2010
Insider Transaction Report
Form 4
Mitha Abdul A
DirectorPresident, CEO
Transactions
- Other
Common Stock
2010-06-08$0.19/sh+19,800,000$3,762,000→ 27,440,581 total
Holdings
- 2,000,000(indirect: By Spouse)
Common Stock
Footnotes (3)
- [F1]Pursuant to a settlement agreement between the Company and Mr. Mitha whereby Mr. Mitha agreed to a renegotiation of his contract and the settlement of all outstanding loans between Mr. Mitha and the Company, Mr. Mitha was issued a total of 19,800,00 shares. 3,353,555 shares were issued for settlement of debt and 16,446,445 shares were issued in settlement of his contract including the cancellation of his stock option agreement.
- [F2]This is the last trading price of the stock prior to the issuance of the shares deemed as June 8, 2010.
- [F3]These shares are owned by Mr. Mitha's wife, who owns 500,000 shares of common stock and Mr. Mitha's son and daughter, who each own 750,000 shares of common stock. Mr. Mitha disclaims any beneficial ownership of these shares.