WANG SHENGFENG (JUSTIN) 4
4 · SILICON SOUTH INC · Filed Jul 25, 2011
Insider Transaction Report
Form 4
WANG SHENGFENG (JUSTIN)
DirectorCFO, Secretary
Transactions
- Other
Common Stock
2011-07-19$0.00/sh−875,000$875→ 5,250,000 total(indirect: 50% owner of Asiamera Capital, so deemed to own 1,250,000 shares)
Footnotes (5)
- [F1]Asiamera Capital, a founder of the Company, transferred a total of 1,750,000 common stock on behalf of the Company to 3 individuals, pursuant to these agreements entered into by the Company: (a) Share Transfer Agreement with Karel V. Galland, dated May 13, 2011, as part of the purchase price for ECOfluid Systems, Inc.'s USBF patent and technology; (b) Consulting Agreement with Xinlin Huang, dated June 1, 2011; and (c) Consulting Agreement with Grace Matsutani, dated June 1, 2011.
- [F2]Asiamera Capital transferred a total of 1,750,000 common stock. Mr. Wang owns 50% of Asiamera Capital, and as such Mr. Wang is deemed to indirectly beneficially own 50% of the shares (or 875,000) disposed of through this transfer.
- [F3]Transaction set at par value.
- [F4]This figure represents 2,000,000 common stock beneficially owned directly by Mr. Wang, in addition to 2,000,000 common stock owned by Mr. Wang's wife (Jieyuan Wang) deemed to be beneficially owned indirectly by Mr. Wang, and 2,500,000 common stock owned by Asiamera Capital, of which Mr. Wang is deemed to indirectly beneficially own 50% (or 1,250,000 common stock).
- [F5]No change in 2,000,000 common stock beneficially owned directly. Reporting only on disposition of indirectly beneficially owned stock, owned by Asiamera Capital, Inc.