4//SEC Filing
NEW GENERATION HOLDINGS INC 4
Accession 0001144204-08-045533
CIK 0001024605operating
Filed
Aug 10, 8:00 PM ET
Accepted
Aug 11, 9:37 PM ET
Size
8.4 KB
Accession
0001144204-08-045533
Insider Transaction Report
Form 4
MOT JACQUES
DirectorPresident and CEO10% Owner
Transactions
- Exercise/Conversion
Series B Preferred Stock
2008-08-01−91,081→ 0 total→ Common Stock - Exercise/Conversion
Common Stock
2008-08-01+91,081,000→ 94,958,208 total
Footnotes (3)
- [F1]Each share of Series B Preferred Stock when issued was immediately and initially convertible into 10,000 shares of Common Stock of the Issuer; however the conversion was limited by the number of shares of the Issuer's Common Stock authorized for issuance. Upon stockholder approval and completion of a 1-for-10 reverse stock split of the Issuer's Common Stock that was effective on August 1, 2008, each share of Series B Preferred Stock automatically converted into 1,000 shares of the Issuer's post-reverse split Common Stock for an aggregate of 91,081,000 shares of post-reverse split Common Stock. Giving effect to the acquisition of the Issuer's Common Stock reported on this Form 4, the Reporting Person currently owns approximately 95% of the outstanding shares of Common Stock of the Issuer.
- [F2]N/A.
- [F3]The purchase price per share of Series B Preferred Stock paid was equivalent to $2.27741. The aggregate Series B Preferred Stock purchase price was paid for by the exchange and extinguishment of an aggregate of $207,429 of indebtedness of the Issuer owed to the Reporting Person which amount represented all outstanding cash advances previously made to the Issuer by the Reporting Person. Based on the conversion of each share of Series B Preferred Stock into 1,000 shares of the Issuer's post-reverse split Common
Documents
Issuer
NEW GENERATION HOLDINGS INC
CIK 0001024605
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001024605
Filing Metadata
- Form type
- 4
- Filed
- Aug 10, 8:00 PM ET
- Accepted
- Aug 11, 9:37 PM ET
- Size
- 8.4 KB