4//SEC Filing
TSUN SIN MAN SAMUEL 4
Accession 0001437749-10-001170
CIK 0001081834other
Filed
Apr 20, 8:00 PM ET
Accepted
Apr 21, 9:35 PM ET
Size
8.6 KB
Accession
0001437749-10-001170
Insider Transaction Report
Form 4
UONLIVE CORPUOLI
TSUN SIN MAN SAMUEL
DirectorChairman & CEO10% Owner
Transactions
- Other
Common Stock
2009-09-23+250,000→ 950,000 total(indirect: Shares owned by Dragon Ace Global Limited, which is 80% owned by Reporting Person) - Sale
Common Stock
2009-04-21$0.00/sh−5,000,000$20,000→ 95,000,000 total(indirect: Shares owned by Dragon Ace Global Limited, which is 80% owned by Reporting Person)
Footnotes (2)
- [F1]Upon closing of a share exchange transaction on March 28, 2008, Mr. Tsun and Dragon Ace Global acquired beneficial ownership of 75,000,000 shares of Uonlive Corporation's (f/k/a China World Trade) common stock and 250,000 shares of Series A Convertible Preferred Stock. Each share of Series A Convertible Preferred Stock was originally convertible into one hundred shares of common stock and became convertible into one share of common stock upon the consummation of the reverse stock split on September 23, 2009. The ratio for the reverse stock split was 1:100. The authorized capital of Uonlive remained at 200,000,000 shares, so that there were sufficient authorized shares to permit conversion of the Series A Convertible Preferred Stock after the reverse split.
- [F2]As mentioned above, Uonlive Corporation consummated a 1:100 reverse stock split effective September 23, 2009, which reduced the number of issued and outstanding shares of common stock to a current figure of 1,996,355 and also reduced the conversion ratio of the Series A Convertible Preferred Stock from 1:100 to 1:1 pursuant to the terms of its certificate of designation. The reverse stock split did not affect the authorized shares of Common Stock of Uonlive, which remain at 200,000,000 shares. As a result, Mr. Tsun became the beneficial owner through Dragon Ace Global of 250,000 shares of Series A Convertible Preferred Stock, which are convertible into 250,000 shares of common stock. Since Dragon Ace Global owns 700,000 shares of Common Stock post split and 250,000 shares of Series A Convertible Preferred Stock, Mr. Tsun and Dragon Ace Global would therefore be the beneficial owners of 950,000 shares of Common Stock.
Documents
Issuer
UONLIVE CORP
CIK 0001081834
Entity typeother
Related Parties
1- filerCIK 0001440259
Filing Metadata
- Form type
- 4
- Filed
- Apr 20, 8:00 PM ET
- Accepted
- Apr 21, 9:35 PM ET
- Size
- 8.6 KB