DICKEY WILLIAM S 4
4 · HS3 TECHNOLOGIES INC. · Filed Jul 15, 2011
Insider Transaction Report
Form 4
DICKEY WILLIAM S
10% Owner
Transactions
- Award
Common Shares
2010-02-03+600,000→ 19,100,000 total - Conversion
Common Shares
2011-06-24$0.04/sh+3,421,000$151,892→ 22,521,000 total - Conversion
Convertible Note
2011-06-24−3,421,000→ 0 totalExercise: $0.04→ Common Shares (3,421,000 underlying)
Holdings
- 7,000,000
Convertible Note
Exercise: $0.10→ Common Shares (7,000,000 underlying) - 18,500,000
Common Shares
- 6,000,000
Convertible Note
Exercise: $0.05→ Common Shares (6,000,000 underlying)
Footnotes (4)
- [F1]On February 3, 2010 the Issuer issued 600,000 shares to Mr. Dickey for financial services performed.
- [F2]On June 24, 2011, the Issuer and Mr. Dickey entered into a debt settlement and subscription agreement wherein Mr. Dickey agreed to subscribe for 3,421,000 shares of common stock of the Issuer at a purchase price of $0.04445 per share, or $152,065.28, exercisable on demand. In lieu of a cash payment to the Issuer, the shares of common stock were issued to Mr. Dickey as payment of an outstanding debt owed to Mr. Dickey in the amount of $152,065.28 as full payment of the debt owed.
- [F3]The Convertible Note was issued pursuant to a debt conversion agreement dated February 1, 2009 in the amount of $700,000. The proceeds are payable on demand.
- [F4]The Convertible Note was issued pursuant to the balance of a debt conversion agreement dated November 6, 2009 in the amount of $300,000. The proceeds are payable on demand.