To Yinshing David 4
4 · China Green Agriculture, Inc. · Filed Feb 25, 2009
Insider Transaction Report
Form 4
To Yinshing David
10% Owner
Transactions
- Other
Common Stock
2009-02-24−1,089,280→ 3,706,217 total
Footnotes (2)
- [F1]Pursuant to a call option agreement between the Reporting Person and Mr. Tao Li, dated December 26, 2007, the Reporting Person is obligated to transfer to Mr. Li up to 6,535,676 shares of the Issuer's Common Stock upon the satisfaction of certain conditions (the "Call Option Agreement").By February 24, 2009, Mr. Li has satisfied Condition 4 set forth in the Call Option Agreement, the Reporting Person hence transferred 1,089,280 shares to Mr. Li accordingly.
- [F2]Among the 3,706,217 shares of Common Stock beneficially owned by the Reporting Person, 3,156,808 shares are placed in an escrow account pursuant to the Make Good Escrow Agreement by and among the Issuer, the Reporting Person, the Investors and the escrow agent named therein, dated December 26, 2007. In the event that the Issuer does not achieve the 2009 Targets set forth therein, the 3,156,808 shares of Common Stock will be conveyed to the Investors for no additional consideration. In the event that the Issuer meets the 2009 Targets, the 3,156,808 shares will be transferred to Mr. Li.