Pochapski Elena 4
4 · Siberian Energy Group Inc. · Filed Dec 20, 2010
Insider Transaction Report
Form 4
Siberian Energy Group Inc.SIBN.OB
Pochapski Elena
DirectorCFO
Transactions
- Other
Common Stock
2010-10-01$0.11/sh+2,716,655$298,832→ 3,036,655 total - Sale
N/A
2010-10-01+0→ 0 total(indirect: By Children)
Footnotes (1)
- [F1]In October 2010, the Issuer entered into Debt Conversion Agreements with nine (9) creditors of the Issuer including Ms. Pochapski, the Issuer's Chief Financial Officer, who converted $298,832 of debt owed to her by the Issuer into 2,716,655 shares of restricted common stock at the rate of one share for each $0.11 of debt converted (the "Conversion"). The Conversion price of $0.11 per share was calculated based on the average market price of the Issuer's common stock on the Over-The-Counter Bulletin Board for the six months prior to September 30, 2010.