Lithium Exploration Group, Inc. 4
4 · Lithium Exploration Group, Inc. · Filed Oct 24, 2014
Insider Transaction Report
Form 4
KLEINLEIN BRYAN A
Director
Transactions
- Sale
Common Stock
2014-09-17$0.01/sh−390,518$4,061→ 0 total - Other
Common Stock
2014-10-01$0.01/sh+240,964$2,000→ 240,964 total - Other
Common Stock
2014-10-22$0.00/sh+7,630,987$29,761→ 7,871,951 total
Holdings
- 390,518
Common Stock
Footnotes (1)
- [F1]Shares paid pursuant to a consulting agreement dated January 1, 2014 (the "Consulting Agreement") with International Compass, LLC for the services of Bryan Kleinlein as Cheif Financial Officer of our company. As part or full compensation for the month, Lithium Exploration Group, Inc. agreed to pay the shares previously registered on Form S-8 on August 6, 2014 ("S-8 Shares"). The value of the shares issued as compensation, if any, shall be based on the weighted average trading price of the shares of our company in the five (5) trading days immediately preceding the date(s) which the shares were due. On October 22, 2014, the parties entered into an amending agrement to amend the Consulting Agreement by providing a termination date as of November 1, 2014 and including payment of an additional $30,000 payable in S-8 Shares at a deemed price of weighted average trading price of the shares of our company in the five (5) trading days immediately preceding October 22, 2014.