LANA MARK 4
4 · HS3 TECHNOLOGIES INC. · Filed Jan 8, 2010
Insider Transaction Report
Form 4
LANA MARK
DirectorCEO and Treasurer10% Owner
Transactions
- Purchase
Common Shares
2009-12-02$0.05/sh+360,000$18,000→ 2,737,113 total - Conversion
Convertible Note
2009-11-24$0.05/sh−2,481,665$124,083→ 0 totalExercise: $0.05From: 2009-11-24→ Common (2,481,665 underlying) - Conversion
Common Shares
2009-12-02$0.05/sh+2,481,665$124,083→ 5,218,778 total
Footnotes (3)
- [F1]The Convertible Note was issued pursuant to loans in the amount of $27,000 provided to the Issuer during 2008. The loans are payable on demand at 15% per year or $0.12 per share.
- [F2]Expiry on demand.
- [F3]On November 6, 2009, the Issuer and Mr. Lana entered into a debt settlement and subscription agreement wherein Mr. Lana agreed to subscribe for 8,469,169shares of common stock of the Issuer at a purchase price of $0.05 per share, or $124,083. In lieu of a cash payment to the Issuer, the shares of common stock were issued to Mr. Lana as payment in full of an outstanding debt owed to Mr. Lana.