Theresias Marckensie 4
4 · Q LOTUS HOLDINGS INC · Filed Dec 7, 2010
Insider Transaction Report
Form 4
Q LOTUS HOLDINGS INCQLTS.OB
Theresias Marckensie
DirectorCEO, CFO, President10% Owner
Transactions
- Disposition to Issuer
Common Stock
2010-06-11−26,550,000→ 30,000,000 total - Award
Common Stock
2010-06-11$1.33/sh+30,000,000$39,900,000→ 56,550,000 total
Footnotes (2)
- [F1]Reflects a 3-for-1 stock split declared in July 2010. Reporting Person acquired 30,000,000 shares of Common Stock in exchange for 1,000,000 shares of Common Stock of Q Lotus, Inc in connection with a reverese merger. Simultaneously with, and as a condition of, the reverse merger, Reporting Person agreed to the cancellation of 26,550,000 shares of Common Stock.
- [F2]On the effective date of the reverse merger, the closing price of the Issuer's Common Stock was $1.33 per share.