HUR JAHONG 4
4 · POWER AIR CORP · Filed Sep 8, 2009
Insider Transaction Report
Form 4
POWER AIR CORPPWAC
HUR JAHONG
Director10% Owner
Transactions
- Purchase
Share Purchase Warrants
2009-09-04$0.02/sh+4,000,000$80,000→ 24,000,000 total(indirect: By H-Plus Eco Ltd.)Exercise: $0.02From: 2009-09-04Exp: 2011-09-04→ common stock (4,000,000 underlying) - Purchase
Common Stock
2009-09-04$0.02/sh+4,000,000$80,000→ 24,000,000 total(indirect: By H-Plus Eco Ltd.)
Footnotes (1)
- [F1]H-Plus Eco Ltd., a South Korean corporation of which the Reporting Person is the CEO and a Director, acquired 4,000,000 units (each unit consisting of one share of the Issuer's common stock and one share purchase warrant) pursuant to a private placement at an aggregate purchase price of $80,000. In addition to the 24,000,000 common shares and 24,000,000 shares purchase warrants held by H-Plus Eco Ltd. as reported in the table above, the Reporting Person also directly holds 5,000,000 shares, 5,000,000 share purchase warrants and 100,000 share purchase options.