VapAria Corp 4
4 · VapAria Corp · Filed Jul 5, 2017
Insider Transaction Report
Form 4
VapAria CorpNONE
Chong Alexander C.
DirectorChief Executive Officer10% Owner
Transactions
- Award
Common stock
2017-06-30+50,000→ 37,640,000 total(indirect: See Notes) - Gift
Common stock
2017-06-30−150,000→ 37,590,000 total(indirect: See Notes)
Footnotes (3)
- [F1]The number of shares disposed of represents shares of VapAria Corporation's common stock gifted by Chong Corporation to third parties who are non-affiliates. There is no public market for VapAria' s common stock and Chong Corporation did not receive any cash consideration for the gift of these shares. The number of shares of common stock beneficially owned after the disposition includes: (i) 12,640,000 shares of common stock owned of record by ChinHak LLC, and (ii) 24,950,000 shares held of record by Chong Corporation. Mr. Chong holds voting and dispositive control over securities held by each of these entities.
- [F2]The number of shares acquired represents shares of VapAria Corporation's common stock issued to Chong Corporation as a dividend on shares of 10% Series A Convertible Preferred Stock held by Chong Corporation pursuant to the designations, rights and preferences of such preferred stock. There is no public market for VapAria' s common stock. The number of shares of common stock beneficially owned after the acquisition includes: (i) 12,640,000 shares of common stock owned of record by ChinHak LLC, and (ii) 25,000,000 shares held of record by Chong Corporation. Mr. Chong holds voting and dispositive control over securities held by each of these entities.
- [F3]The number of shares of common stock beneficially owned by Mr. Chong excludes 3,000,000 shares beneficially owned by his spouse over which he has no direct or indirect pecuniary interest and disclaims beneficial ownership.