4//SEC Filing
Mitha Abdul A 4
Accession 0001369270-10-000080
CIK 0001282387other
Filed
Jun 24, 8:00 PM ET
Accepted
Jun 25, 7:16 PM ET
Size
6.7 KB
Accession
0001369270-10-000080
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.
Documents
Issuer
CLEAN POWER TECHNOLOGIES INC.
CIK 0001282387
Entity typeother
Related Parties
1- filerCIK 0001317938
Filing Metadata
- Form type
- 4
- Filed
- Jun 24, 8:00 PM ET
- Accepted
- Jun 25, 7:16 PM ET
- Size
- 6.7 KB