Filing Details
- Accession Number:
- 0001477932-12-003434
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2012-08-24 16:30:45
- Reporting Period:
- 2012-01-03
- Filing Date:
- 2012-08-24
- Accepted Time:
- 2012-08-24 16:30:45
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1385305 | Savwatt Usa Inc. | SAVW | Electric Lighting & Wiring Equipment (3640) | 331148936 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1142466 | H Isaac Sutton | 475 Park Avenue South 30Th Floor New York NY 10016 | President, Ceo | No | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2012-04-03 | 1,199,166 | $0.10 | 1,225,606 | No | 4 | P | Indirect | By Sutton Global Associates, Inc. |
| Common Stock | Acquisiton | 2012-08-08 | 130,350 | $0.00 | 1,355,956 | No | 4 | C | Indirect | By Sutton Global Associates, Inc. |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Indirect | By Sutton Global Associates, Inc. |
| No | 4 | C | Indirect | By Sutton Global Associates, Inc. |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Series A Convertible Preferred Stock | Acquisiton | 2012-01-03 | 0 | $0.05 | 6,000,000 | $0.00 |
| Common Stock | Series A Convertible Preferred Stock | Acquisiton | 2012-04-07 | 0 | $0.01 | 9,000,000 | $0.00 |
| Common Stock | Series A Convertible Preferred Stock | Disposition | 2012-08-08 | 0 | $0.00 | 25,000,000 | $0.00 |
| Common Stock | Series A Convertible Preferred Stock | Acquisiton | 2012-08-08 | 0 | $0.01 | 5,000,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 16,000,000 | 2012-01-03 | 2050-12-31 | No | 4 | P | Indirect |
| 25,000,000 | 2012-04-07 | 2050-12-31 | No | 4 | P | Indirect |
| 0 | 2012-01-03 | 2050-12-31 | No | 4 | C | Indirect |
| 5,000,000 | 2012-08-08 | 2050-12-31 | No | 4 | P | Indirect |
Footnotes
- There is no expiration on the conversions right of the Series A Convertible Preferred Stock, as such preferred stock is convertible at any time and perpetually.
- Shares of Series A Convertible Preferred Stock are convertible into common stock based on a ratio of 1 share of Series A Convertible Preferred Stock for 10/1,918 shares of common stock.
- All shares of Series A Convertible Preferred Stock are convertible upon issuance.
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