Mahdi Kambiz 4
4 · Probe Manufacturing Inc · Filed Apr 26, 2013
Insider Transaction Report
Form 4
Mahdi Kambiz
DirectorChairman & CEO10% Owner
Transactions
- Other
Common Stock
2013-04-23+150,000→ 7,516,616 total - Other
Common Stock
2013-04-24$0.09/sh+1,000,000$85,000→ 6,516,616 total(indirect: By Trust)
Footnotes (3)
- [F1]Effective April 23, 2013, Kambiz Mahdi acquired 150,000 shares of the issuer's common stock as part of settlement agreement in return for the dismissal of a lawsuit had filed against the former CEO of the issuer, Reza Zarif, for an alledged breach of contract arising from a promissory note between the two parties.
- [F2]6,366,616 shares of common stock are held directly by the Kambiz and Bahareh Living Trust and indirectly by Kambiz Mahdi and Bahareh Mahdi as trustees. Kambiz Mahdi holds directly 150,000 shares of common stock as result of the lawsuit settlement as disclosed herein.
- [F3]Kambiz Mahdi, our CEO, entered into a personal promissory note with Luxus Micro Cap, S.A. for $85,000 which was convertible into common stock of the issuer at the election of holder. Effective April 24, 2013, Luxus Micro Cap, S.A. elected to convert the note for 1,000,000 shares of common stock.