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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| 10% Senior Secured Convertible Note due June 30, 2012 | $ 0.19 | 10/29/2009 | M | $ 250,000 | 07/01/2009 | 06/30/2012 | Common Stock | 1,315,789 | (3) | $ 500,000 | I | By Investwide LLC | |||
| 10% Senior Secured Convertible Note due June 30, 2012 | $ 0.19 | 10/29/2009 | M | $ 500,000 | 07/01/2009 | 06/30/2012 | Common Stock | 2,631,579 | (3) | $ 1,500,000 | I | By Investwide Capital LLC | |||
| 10% Senior Secured Convertible Note due June 30, 2012 | $ 0.19 | 03/05/2010 | M | $ 500,000 | 07/01/2009 | 06/30/2012 | Common Stock | 2,807,018 | (3) | $ 0 | I | By Investwide LLC | |||
| 10% Senior Secured Convertible Note due June 30, 2012 | $ 0.19 | 03/05/2010 | M | $ 1,500,000 | 07/01/2009 | 06/30/2012 | Common Stock | 8,421,053 | (3) | $ 0 | I | By Investwide Capital LLC | |||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Li Yong C/O SINO CLEAN ENERGY INC. RM 1605 STE B ZHENGXIN BLDG #5 GAOXIN 1ST RD GAOXIN DT XI'AN SHAANXI PROVINCE, F4 |
X | X | ||
| /s/ Li Yong | 04/01/2010 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | These shares of common stock are owned by Investwide LLC. Mr. Li is the managing partner of Investwide LLC and has the sole voting and dispositive power over the shares of common stock held by Investwide LLC. |
| (2) | These shares of common stock are owned by Investwide Capital LLC. Mr. Li is the managing partner of Investwide Capital LLC and has the sole voting and dispositive power over the shares of common stock held by Investwide Capital LLC. |
| (3) | The 10% Senior Secured Convertible Notes due June 30, 2012 (the "Notes"), were acquired from the Company in a private placement. The Notes bear interest at 10% per annum and mature in three year. The holders of the Notes have the right at any time to convert all or part of the outstanding principal amount of the Notes and any accrued and unpaid interest into common shares of the Company at the conversion price, initially set at $0.19 per share. |