4//SEC Filing
ZENG YANG 4
Accession 0001437749-10-001172
CIK 0001081834other
Filed
Apr 20, 8:00 PM ET
Accepted
Apr 21, 9:41 PM ET
Size
8.7 KB
Accession
0001437749-10-001172
Insider Transaction Report
Form 4
UONLIVE CORPUOLI
ZENG YANG
Director10% Owner
Transactions
- Other
Common Stock
2009-09-23+250,000→ 40,000,000 total(indirect: Shares owned by Standford Global Capital Limited, which is 100% owned by Reporting Person) - Purchase
Common Stock
2010-04-07$0.10/sh+550,000$55,000→ 950,000 total(indirect: Shares owned by Standford Global Capital Limited, which is 100% owned by Reporting Person)
Footnotes (3)
- [F1]Upon closing of a share exchange transaction on March 28, 2008, Ms. Zeng and Standford Global Capital acquired beneficial ownership of 15,000,000 shares of Uonlive Corporation's (f/k/a China World Trade) common stock and 250,000 shares of Series A Convertible Preferred Stock. Each share of Series A Convertible Preferred Stock was originally convertible into one hundred shares of common stock and became convertible into one share of common stock upon the consummation of the reverse stock split on September 23, 2009. The ratio for the reverse stock split was 1:100. The authorized capital of Uonlive remained at 200,000,000 shares, so that there were sufficient authorized shares to permit conversion of the Series A Convertible Preferred Stock after the reverse split.
- [F2]As mentioned above, Uonlive Corporation consummated a 1:100 reverse stock split effective September 23, 2009, which reduced the number of issued and outstanding shares of common stock to a current figure of 1,996,355 and also reduced the conversion ratio of the Series A Convertible Preferred Stock from 1:100 to 1:1 pursuant to the terms of its certificate of designation. The reverse stock split did not affect the authorized shares of Common Stock of Uonlive, which remain at 200,000,000 shares. As a result, Ms. Zeng became the beneficial owner through Standford Global Capital of 250,000 shares of common stock underlying the Series A Convertible Preferred Stock. Standford Global Capital owns 700,000 shares of common stock post split after acquiring 550,000 shares of common stock at a purchase price of $0.10 per share from Oxford Global Capital Limited on April 7, 2010.
- [F3](continuation from footnote 2) It also owns 250,000 shares of Series A Convertible Preferred Stock. Ms. Zeng and Standford Global Capital would therefore be the beneficial owner of 950,000 shares of Common Stock.
Documents
Issuer
UONLIVE CORP
CIK 0001081834
Entity typeother
Related Parties
1- filerCIK 0001440260
Filing Metadata
- Form type
- 4
- Filed
- Apr 20, 8:00 PM ET
- Accepted
- Apr 21, 9:41 PM ET
- Size
- 8.7 KB