LANA MARK 4
4 · HS3 TECHNOLOGIES INC. · Filed Jul 15, 2011
Insider Transaction Report
Form 4
LANA MARK
DirectorCEO and Treasurer10% Owner
Transactions
- Conversion
Common Shares
2011-06-24$0.04/sh+1,799,800$79,911→ 7,018,578 total - Conversion
Convertible Note
2011-06-24$0.04/sh−1,799,800$79,911→ 0 totalExercise: $0.04→ Common Shares (1,799,800 underlying)
Holdings
- 5,218,778
Common Shares
Footnotes (1)
- [F1]On June 24, 2011, the Issuer and Mr. Lana entered into a debt settlement and subscription agreement wherein Mr. Lana agreed to subscribe for 1,799,800 shares of common stock of the Issuer at a purchase price of $0.04445 per share, or $80,000, exercisable on demand. In lieu of a cash payment to the Issuer, the shares of common stock were issued to Mr. Lana as payment of an outstanding debt owed to Mr. Lana in the amount of $80,000, as full payment of the debt owed.