WEST: Filed New Form S-3, Simplified Registration Statement
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8268737
1,900,000 shares @ $0.345 estimated max price.
Lightway Solar America, Inc. (4) Total 2,261,111 Selling 1,900,000 Remaing 361,111 1.8 %
(1) Reflects the aggregate total number of shares of common stock that may be offered under this prospectus.
(2) Assumes all shares offered hereby are sold by the selling stockholder.
(3) Beneficial ownership is determined in accordance with the rules and regulations of the Securities and Exchange Commission, and generally includes securities held by persons who have sole or shared voting power or investment power with respect to those securities, and includes securities that are or will become exercisable within 60 days after May 11, 2012. Calculated on the basis of 19,101,593 shares of common stock, which is the number of shares of our common stock outstanding as of May 11, 2012.
(4) The person holding voting, dispositive or investment powers over the shares of common stock held by Lightway Solar America, Inc (“Lightway Solar America”) is Light Way Green New Energy Co., Ltd (“Lightway”). Pursuant to the OEM Supply Agreement, Lightway instructed us to issue the shares covered by this prospectus to Lightway Solar America, which is a subsidiary corporation controlled by Lightway.
