Wang Jiayin 4
4 · CHINA HEALTH RESOURCE, INC. · Filed Aug 25, 2010
Insider Transaction Report
Form 4
Wang Jiayin
DirectorPresident10% Owner
Transactions
- Award
Restricted Common Stock
2010-08-20+6,393,862→ 60,648,059 total - Award
Restricted Common Stock
2010-08-20+11,253,197→ 60,648,059 total - Award
Nonqualified Stock Option of Common Stock
2010-08-20$0.02/sh+6,000,000$120,000→ 0 totalExercise: $0.02From: 2010-10-01Exp: 2017-08-20→ 2009 OMNIBUS INCENTIVE PLAN (6,000,000 underlying)
Footnotes (2)
- [F1]Signing bonus totaling $50,000, payable on August 20, 2010 in shares of the Company's Class A common stock (the "Common Stock") based on a price per share of $0.00782, the average of the closing prices of the Common Stock as quoted on the OTC Bulletin Board for the five (5) trading days ending on such date. Mr. Wang received 6,393,862 shares of Common Stock as a signing bonus which shares are not registered under the U.S. Securities Act of 1933, as amended (the "1933 Act").
- [F2]In recognition of Mr. Wang's contributions to the Company's achievement of various corporate and financial milestones, effective August 20, 2010, the Board of Directors approved a bonus for Mr. Wang in the amount of $88,000 payable in shares of Common Stock based on a price per share of $0.00782, the average of the closing prices of the Common Stock as quoted on the OTC Bulletin Board for the five (5) trading days ending on such date. Mr. Wang received 11,253,197 shares of Common Stock that are not registered under the 1933 Act under this bonus.