Home > Insider Trading > Filing (0001181431-10-009099)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
857073	Hq Sustainable Maritime Industries Inc.	HQS	Fishing, Hunting And Trapping (900)	621407522

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1285730	Harry Hua Wang	1511 Third Avenue Suite 788 Seattle WA 98101	Chief Operating Officer	Yes	Yes	Yes	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	2007-12-10	25,000	$5.60	25,000	No	4	M	Direct
Common Stock	Disposition	2007-12-10	25,000	$9.00	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option	Disposition	2007-12-10	25,000	$0.00	25,000	$5.60
Common Stock	Series A Preferred Stock	Acquisiton	2005-12-15	100,000	$0.00	10,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2004-11-23	2014-11-23	No	4	M	Direct
100,000	2005-12-15		No	4	P	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,794,143	Indirect	By Red Coral Group Limited
Common Stock	1,421,529	Indirect	By Sino-Sult Canada (S.S.C.) Limited

Footnotes

All figures reported on this form reflect the 1-for-20 reverse stock split on January 31, 2007.
The reporting person is a director and 51% owner of this entity. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Each share of the Series A preferred stock converts into 0.1 share of the issuer's common stock and has no expiration date. These securities represent a portion of the consideration received by Sino-Sult Canada (S.S.C) Limited in partial satisfaction of an outstanding promissory note for $100,000.