Shapiro Jordan 4
4 · MASS Petroleum Inc. · Filed Jun 1, 2011
Insider Transaction Report
Form 4
MASS Petroleum Inc.MASP.OB
Shapiro Jordan
DirectorTreasurer, Secretary10% Owner
Transactions
- Sale
Common Stock
2011-06-01$0.00/sh−1,309,000$2,618→ 5,471,800 total
Holdings
- 240,000
Call Option (obligation to sell)
Exercise: $0.00→ Common Stock (240,000 underlying) - 28,000(indirect: By LLC)
Common Stock
- 10,307,000(indirect: Owned by Hudson Capital Inc.)
Common Stock
Footnotes (2)
- [F1]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.
- [F2]10 years after the options vest.