4//SEC Filing
MORRISON ROBERT A 4
Accession 0001432453-10-000003
CIK 0001297203other
Filed
Jan 6, 7:00 PM ET
Accepted
Jan 7, 7:56 PM ET
Size
10.1 KB
Accession
0001432453-10-000003
Insider Transaction Report
Form 4
MORRISON ROBERT A
DirectorPresident10% Owner
Transactions
- Conversion
Convertible Note
2009-11-24$0.05/sh−8,469,169$423,458→ 0 totalExercise: $0.05From: 2009-11-24→ Common (8,469,169 underlying) - Other
Convertible Note
2009-11-24$0.05/sh+1,460,000$73,000→ 1,460,000 totalExercise: $0.05From: 2009-11-24→ Common (1,460,000 underlying) - Conversion
Common Shares
2009-12-02$0.05/sh+8,469,169$423,458→ 11,846,282 total
Footnotes (3)
- [F1]The Convertible Note was issued pursuant to loans in the amount of $174,000 provided to the Issuer during 2008. The loans are payable on demand at 15% per year or $0.12 per share.
- [F2]Expiry on demand.
- [F3]On November 6, 2009, the Issuer and Mr. Morrison entered into a debt settlement and subscription agreement wherein Mr. Morrison agreed to subscribe for 8,469,169shares of common stock of the Issuer at a purchase price of $0.05 per share, or $423,458. In lieu of a cash payment to the Issuer, the shares of common stock were issued to Mr. Morrison as payment of an outstanding debt owed to Mr. Morrison in the amount of $496,458 and a new subordinated note was issued in the amount of $73,000, the balance remaining under the original subordinated note.
Documents
Issuer
HS3 TECHNOLOGIES INC.
CIK 0001297203
Entity typeother
Related Parties
1- filerCIK 0001430396
Filing Metadata
- Form type
- 4
- Filed
- Jan 6, 7:00 PM ET
- Accepted
- Jan 7, 7:56 PM ET
- Size
- 10.1 KB