H1B Visa Transfer during the grace period


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I would like to know that , when my employment is ending on say Jan1[is my termination date/last pay date], and my next company is filing for the transfer of visa on Feb 20, which is within the grace period.I will be filing the pay slips till Jan1, and my current I797 is valid till current year end.

But my question is ,

1) while they file for the h1b transfer, the pervious company will be revoke my h1b on jan1,

     so is there any documents that the hiring company needs to file EXTRA for this h1b transfer process.

3) once the current employer revoke the H1B on Jan 1, Does that mean that I will be out of status?

Please reply ASAP as this is urgent decision i need to make. Thanks all.



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