LI JAMES 4
4 · Master Silicon Carbide Industries, Inc. · Filed Aug 26, 2009
Insider Transaction Report
Form 4
LI JAMES
Director
Transactions
- Exercise/Conversion
Warrant
2009-02-10$0.00/sh−400,000$400→ 600,000 total(indirect: By Columbia China Capital Group, Inc.)Exercise: $0.00From: 2007-10-09Exp: 2012-10-09→ Common Stock (40,000 underlying) - Exercise/Conversion
Warrant
2009-05-12$0.00/sh−600,000$600→ 0 total(indirect: By Columbia China Capital Group, Inc.)Exercise: $0.00From: 2007-10-09Exp: 2012-10-09→ Common Stock (60,000 underlying)
Footnotes (2)
- [F1]Prior to a 1-for-10 reverse stock split of the Company's Common Stock on November 12, 2008 (the "Reverse Stock Split"), the Warrant represented the right to purchase 1,000,000 shares of Common Stock. The Warrant has a total number of 100,000 shares of underlying Common Stock since the effectiveness of Reverse Stock Split.
- [F2]The Warrant was issued to Columbia China Capital Group, Inc. ("CCCG") on October 9, 2007. The Reporting Person is President and the majority shareholder of CCCG, and therefore shall be deemed as the beneficial owner of such Warrant.