TANG PUI CHU 4
4 · NETWORK CN INC · Filed Aug 11, 2009
Insider Transaction Report
Form 4
NETWORK CN INCNWCN.OB
Chu Tang Pui
10% Owner
Transactions
- Award
Common Stock $0.001 par value
2009-07-15+30,000,000→ 341,851,463 total(indirect: See Footnote) - Gift
Common Stock $0.001 par value
2009-08-07−189,678,980→ 152,172,483 total(indirect: See Footnote) - Other
Stock Option (right to buy)
2009-07-01$0.02/sh+0$0→ 122,814,185 total(indirect: Held by Keywin Holdings Ltd.)Exercise: $0.02From: 2009-04-02Exp: 2009-10-01→ Common Stock (122,814,185 underlying)
Footnotes (3)
- [F1]On July 15, 2009, the reporting person's spouse received an aggregate award of 30,000,000 shares of the Issuer's common stock as a consideration for service rendered as Chief Executive Officer of the Issuer. Of the 341,851,463 remaining shares held indirectly by the reporting person, 310,388,463 are held by Keywin Holdings Ltd., a company owned and controlled by the reporting person, and 31,463,000 shares are held by the reporting person's spouse.
- [F2]On August 7, 2009, Keywin Holdings Ltd. transferred an aggregate of 189,678,980 shares to certain transferees. Of the 152,172,483 remaining shares held indirectly by the reporting person, 120,709,483 are held by Keywin Holdings Ltd. and 31,463,000 shares are held by the reporting person's spouse.
- [F3]On July 1, 2009, the Issuer extended the expiration date of the Stock Option from July 1, 2009 to October 1, 2009.