Chung Winston 4
4 · BALQON CORP. · Filed Dec 16, 2010
Insider Transaction Report
Form 4
BALQON CORP.BLQN
Chung Winston
Director10% Owner
Transactions
- Other
Common Stock
2010-12-14+1,375,000→ 9,187,500 total(indirect: see footnote) - Other
Common Stock
2010-12-14$0.64/sh+7,812,500$5,000,000→ 7,812,500 total(indirect: see footnote) - Other
Warrant
2010-12-14+7,812,500→ 7,812,500 total(indirect: see footnote)Exercise: $0.64From: 2010-12-14Exp: 2015-12-14→ Common Stock (7,812,500 underlying) - Other
Warrant
2010-12-14+1,500,000→ 1,500,000 total(indirect: see footnote)Exercise: $1.50From: 2010-12-14Exp: 2015-12-14→ Common Stock (1,500,000 underlying)
Footnotes (5)
- [F1]These securities are owned by the reporting person, who is a member of a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934. The reporting person disclaims beneficial ownership of the securities beneficially owned by the other members, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [F2]These securities were acquired pursuant to a Securities Purchase Agreement dated December 14, 2010 by and between Balqon Corporation and Seven One Limited.
- [F3]These securities were acquired pursuant to a Distribution Agreement dated December 14, 2010 by and between Balqon Corporation and Seven One Limited.
- [F4]Securities held by Seven One Limited, a BVI company. Chung Hing Ka (Winston Chung) is the sole shareholder of Seven One Limited.
- [F5]Not applicable.