Shapiro Jordan 4
4 · MASS Petroleum Inc. · Filed Mar 26, 2009
Insider Transaction Report
Form 4
MASS Petroleum Inc.MASP.OB
Shapiro Jordan
DirectorTreasurer, Secretary10% Owner
Transactions
- Sale
Call Option (obligation to sell)
2009-03-24$0.00/sh−240,000$24→ 0 totalExercise: $0.00→ Common Shares (240,000 underlying)
Holdings
- 28,000(indirect: By LLC)
Common Stock, $0.0001 par value
- 14,907,000(indirect: Owned by Hudson Capital Inc.)
Common Stock, $0.0001 par value
- 14,812,350
Common Stock, $0.0001 par value
Footnotes (3)
- [F1]The call option was granted by the reporting person pursuant to a private agreement with the Issuer's C.F.O. The reporting person received no separate consideration for granting the call option.
- [F2]120,000 options will vest upon the closing of a transaction, where the Issuer either acquires at least 50% of the shares or assets of another company or disposes at least 50% of its outstanding shares or assets; and 120,000 options will vest six months after the closing date of the transaction.
- [F3]10 years after the options vest.