Sivananthan Sivalingam 4
4 · SUNOVIA ENERGY TECHNOLOGIES INC · Filed Apr 9, 2010
Insider Transaction Report
Form 4
Transactions
- Other
COMMON STOCK
2010-03-11$0.11/sh+9,892,473$1,068,387→ 19,660,311 total(indirect: See note)
Footnotes (2)
- [F1]On March 11, 2010, EPIR Technologies Inc. ("EPIR") acquired 9,892,473 of the Issuer's common shares in lieu of a payment required under that certain Amended and restated research, Development and Supply Agreement, by and between EPIR and the Issuer, dated January 24, 2008.
- [F2]Represents securities held of record by EPIR Technologies, Inc. ("EPIR"). The Reporting Person is the majority shareholder, a director and an officer of EPIR. The Reporting Person disclaims beneficial ownership of the securities held by EPIR, except to the extent of his proportionate pecuniary interest therein, if any.