Passen Selvin 4
4 · NEW WORLD BRANDS INC · Filed Nov 6, 2009
Insider Transaction Report
Form 4
NEW WORLD BRANDS INCNWBD.OB
Passen Selvin
Director10% Owner
Transactions
- Other
Common Stock, Par Value 0.01 per share
2009-11-04+3,846,575→ 85,515,514 total(indirect: See Footnote 3)
Footnotes (3)
- [F1]This transaction was part of a contractually mandated equalization transfer between insiders with no stated value per share or otherwise.
- [F2]These shares are titled in the name of P&S Spirit LLC, of which Dr. Passen owns a 50% share. Dr. Passen would thus be deemed the beneficial owner of half of these newly acquired shares, i.e - 1,923,287.5 shares.
- [F3]Includes (i) half (55,297,424) of the 110,494,848 shares of Common Stock held by P&S Spirit LLC; (ii) 10,000,000 shares of Common Stock held by Dr. Passen and his wife, Sylvia as tenants by the entirety; (iii) 14,500,854 shares of Common Stock held by Oregon Spirit LLC, which has several members but of which Dr. Passen is the Managing Member and could be deemed to beneficially own these 14,500,854 shares; (iv) 800,000 shares indirectly beneficially owned by Dr. Passen based on direct ownership by his children; and (v) 4,917,236 shares held directly by Dr. Passen.