CHI WAH LEUNG - 28 Oct 2021 Form 4 Insider Report for NETWORK CN INC (NWCN)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Chi Wah Earnest Leung
Issuer symbol
NWCN
Transactions as of
28 Oct 2021
Net transactions value
+$1,988,244
Form type
4
Filing time
06 Jan 2022, 05:04:32 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWCN Common Stock $0.001 par value Award $1,988,244 +11,764,756 $0.1690* 11,764,756 28 Oct 2021 Direct F2
transaction NWCN Stock grant Award $0 +8,000 $0.000000 8,000 30 Aug 2013 Direct F3
transaction NWCN Stock grant Award $0 +13,333 $0.000000 13,333 23 Feb 2015 Direct F4
transaction NWCN Stock grant Award $0 +13,333 $0.000000 13,333 28 Aug 2015 Direct F5
transaction NWCN Stock grant Award $0 +52,172 $0.000000 52,172 31 Dec 2021 Direct F6
holding NWCN Common Stock $0.001 par value 2,028,967 28 Oct 2021 See Footnote F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Total of the 2,028,968 shares were held by the reporting person, 44,707 are held by Keywin Holdings Ltd. and 1,984,261 shares are held directly by the reporting person.
F2 On October 28, 2021, Keywin Holdings Ltd exercised its right to convert the share options in to 11,764,756shares
F3 On August 30, 2013, the reporting person received an aggregate award of 8,000 shares of the Issuer's common stock, as consideration for services rendered as a director, between July 1, 2014 and June 30, 2014, so long as the reporting person continues in his role as a director of the Issuer on June 30, 2014, the scheduled vesting date. The shares are not issued.
F4 On February 23, 2015, the reporting person received an aggregate award of 13,333 shares of the Issuer's common stock, as consideration for services rendered as a director, between July 1, 2014 and June 30, 2015, so long as the reporting person continues in his role as a director of the Issuer on June 30, 2015, the scheduled vesting date. The shares are not issued.
F5 On August 28, 2015, the reporting person received an aggregate award of 13,333 shares of the Issuer's common stock, as consideration for services rendered as a director, between August 28, 2015 and June 30, 2016, so long as the reporting person continues in his role as a director of the Issuer on June 30, 2016, the scheduled vesting date.
F6 On December 31, 2021, the reporting person received an aggregate award of 52,172 shares of the Issuer's common stock, as consideration for services rendered as a director.