Zhang Yizhao 4
4 · China Green Agriculture, Inc. · Filed Aug 19, 2009
Insider Transaction Report
Form 4
Zhang Yizhao
Director
Transactions
- Purchase
Common Stock
2009-08-17+5,681→ 5,681 total - Exercise of In-Money
Stock Option
2009-08-17−10,000→ 0 totalExercise: $6.00→ Common Stock
Footnotes (5)
- [F1]3,000 options are exercisable from 06/29/2008; 7,000 options are exercisable from 07/01/2009.
- [F2]3,000 options are expiring on 06/28/2010; 7,000 options are expiring on 06/30/2011.
- [F3]If exercising by cash, the underlying shares of common stock are 10,000; if cashless exercising, the underlying shares of common stock vary depending on the average closing price of the five trading days prior to the option exercise date.
- [F4]The exercise of the stock option was in a cashless manner pursuant to the following formula:X = Y [(A-B)/A], whereby X represents the number of shares the reporting person is to receive (5,681); Y represents the number of shares the reporting person is to exercise (10,000), A represents the arithmetic average of the closing prices fro the five trading days immediately prior to (but not including) the exercise date ($13.892), B represents the Exercise Price ($6.00).
- [F5]The shares were received as a result of the option exercise by the reporting person pursuant to a cashless exercise formula stated under Footnote 4 above.