Filing Details

Accession Number:
0001144204-12-048692
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-08-29 16:26:34
Reporting Period:
2012-08-27
Filing Date:
2012-08-29
Accepted Time:
2012-08-29 16:26:34
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1097792 Medianet Group Technologies Inc MEDG Services-Business Services, Nec (7389) 134067623
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1052910 Lester Rosenkrantz 1801 S. Flagler Drive, Apt. 1703
West Palm Beach FL 33401
Yes 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 Disposition 2012-08-27 25,000 $0.40 725,000 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Footnotes
  1. In connection with the appointment of the Reporting Person as a Director of MediaNet Group Technologies, Inc. (the "Company"), on April 7, 2011, the Company issued two million shares of restricted common stock of the Company to the Reporting Person for $0.001 per share. The Reporting Person's interest in the shares of common stock vests as to 250,000 shares at the end of each of the eight calendar quarters immediately following April 7, 2011, beginning June 30, 2011. Until vested, shares may not be transferred by the Reporting Person and are subject to forfeiture upon the Reporting Person's cessation of services to the Company, other than on account of the Reporting Person's death or disability.