Passen Selvin 4
4 · NEW WORLD BRANDS INC · Filed Mar 17, 2010
Insider Transaction Report
Form 4
Passen Selvin
Director10% Owner
Transactions
- Purchase
Common Stock, Par Value 0.01
2010-03-03$0.01/sh+30,720,913$153,605→ 132,290,404 total(indirect: By LLC) - Purchase
Warrants
2010-03-03$0.01/sh+715,089$3,575→ 16,353,978 total(indirect: By LLC)Exercise: $0.21From: 2010-03-03Exp: 2010-12-31→ Common Stock, Par Value 0.01 (715,089 underlying)
Footnotes (1)
- [F1]Dr. Passen owns 50% of P&S Spirit LLC, which entered into a transaction to acquire 61,441,827 shares of common stock of New World Brands, Inc., and a warrant to acquire another 1,430,178 shares. As a result, Dr. Passen may be deemed to have acquired one half of those positions, ie., - 30,720,913 shares of NWB common stock, and warrants to acquire another 715,089 shares of NWB common stock.