KUHNS JOHN D 4
4 · Master Silicon Carbide Industries, Inc. · Filed May 11, 2010
Insider Transaction Report
Form 4
KUHNS JOHN D
DirectorPresident and CEO
Transactions
- Other
Common Stock
2010-04-01+25,657→ 162,209 total(indirect: By LLC)
Footnotes (2)
- [F1]Such shares of the Issuer's common stock, par value $.001 per share (the "Common Stock") were issued to the Reporting Person pursuant to the Certificate of Designation, Preferences and Rights of Series A Convertible Preferred Stock (the "Series A Preferred Stock"), dated August 29, 2008, as dividends of the Series A Preferred Stock. Such dividend shares are accrued quarterly and payable on October 1, January 1, April 1 and July 1 of each year.
- [F2]Such shares are issued to New World Power, LLC. The Reporting Person is the owner of 100% membership interest and the sole manager of New World Power, LLC, and therefore shall be deemed as the beneficial owner of such shares.