Filing Details

Accession Number:
0001178913-11-002311
Form Type:
4/A
Zero Holdings:
No
Publication Time:
2011-08-15 13:58:27
Reporting Period:
2011-03-30
Filing Date:
2011-08-15
Accepted Time:
2011-08-15 13:58:27
Original Submission Date:
2011-03-31
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1090967 Global Energy Inc GEYI Industrial Organic Chemicals (2860) 860951473
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1490919 Yuval Ganot Menachem Begin 16
Ramat Gan L3 52681
Yes No 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 2011-03-30 50,000,000 $500,000.00 150,000,000 No 4 P Indirect By Noam Elimelech Ltd.
Common Stock Acquisiton 2010-06-01 3,152,500 $0.01 0 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Noam Elimelech Ltd.
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Options (right to buy) Acquisiton 2011-03-31 200,000 $0.00 200,000 $0.02
Common Stock Options (right to buy) Acquisiton 2011-03-31 200,000 $0.00 200,000 $0.03
Common Stock Options (right to buy) Acquisiton 2011-03-31 200,000 $0.00 200,000 $0.04
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
200,000 2010-01-31 2013-01-31 No 4 A Direct
400,000 2010-01-31 2013-01-31 No 4 A Direct
600,000 2010-01-31 2013-01-31 No 4 A Direct
Footnotes
  1. Represents the final purchase of shares pursuant to the terms of a Securities Purchase Agreement dated September 10, 2009, as amended on December 23, 2009, between the Registrant and Noam Elimelech Ltd. ("Noam"), an Israeli private company wholly owned by Mr. Ganot (the "Agreement"). Under the terms of the Agreement, Noam purchased over a period of sixteen months a total aggregate amount of 150,000,000 of the Registrant's shares of Common Stock in exchange for an aggregate purchase price of $1,500,000.
  2. These shares were issued in lieu of unpaid salary and expenses from September 10, 2009 in the aggregate amount of $31,525 owed to Mr. Ganot under his employment agreement with Global Energy.
  3. (i) One-third of the 600,000 options issued to the Reporting Person have an exercise price of $0.0243; (ii) one-third of the options have an exercise price of $0.0304; and (iii) one-third of the options have an exercise price of $0.0365.
  4. The options were granted for no cash consideration pursuant to the 2007 Share Option Plan.
  5. These options were approved by the Board of Directors on January 31, 2010; an option agreement was executed on March 31, 2011.