FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

CHOUKROUN SERGE 		2. Issuer Name and Ticker or Trading Symbol

NETWORK CN INC [ NWCN ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

SUITE 3908, SHELL TOWER, TIMES SQUARE,, 1 MATHESON STREET, CAUSEWAY BAY 		3. Date of Earliest Transaction (MM/DD/YYYY)

7/5/2011
(Street)

HONG KONG, F4 00000
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock $0.001 par value   7/5/2011     A    120000   (1) A $ 0   (1) 240000   (2) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  On July 5, 2011, the reporting person received an aggregate award of 120,000 shares of the Issuer's common stock, as consideration for services rendered as a director, between July 1, 2011 to June 30, 2012, so long as the reporting person continues in his role as a director of the Issuer on June 30, 2012, the scheduled vesting date.
( 2)  The reporting person does not have any right to vote and dispose of any of the above 240,000 shares of the Issuer's common stock.

Remarks:
The Issuer completed a 1-for-5 reverse stock split on September 16, 2011 and all the above reported number of shares are reflected on post reverse split basis.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
CHOUKROUN SERGE
SUITE 3908, SHELL TOWER, TIMES SQUARE,
1 MATHESON STREET, CAUSEWAY BAY
HONG KONG, F4 00000 		X



Signatures
/s/ Serge Choukroun 11/29/2011
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
Grafico Azioni Network CN (PK) (USOTC:NWCN)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Network CN (PK)
Grafico Azioni Network CN (PK) (USOTC:NWCN)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Network CN (PK)