4//SEC Filing
Taylor Jonathan JK 4
Accession 0000067590-10-000341
CIK 0000887546other
Filed
Apr 14, 8:00 PM ET
Accepted
Apr 15, 5:55 PM ET
Size
8.9 KB
Accession
0000067590-10-000341
Insider Transaction Report
Form 4
Taylor Jonathan JK
Director
Transactions
- Exercise of In-Money
(Right to buy)
2010-04-13$0.35/sh−3,410$1,185→ 3,330 totalExp: 2010-04-16→ Common Stock (1,136 underlying)
Footnotes (7)
- [F1]The Greater China Fund, Inc. (the Fund) issued to its stockholders of record as of the close of business on March 23, 2010 (the Record Date) one transferable right for each share of common stock held on the Record Date. These rights entitle their holders to purchase one share of common stock of the Fund for every three rights held (subject to round-up). The exercise price for the rights will be set at the expiration of the subscription period, which is expected to be 5:00 p.m. on April 16, 2010.
- [F2]The subscription price per share will be determined based on a formula equal to 90 percent of the average of the last reported price of a share of the Funds common stock on the New York Stock Exchange on the date on which the offer expires, as such date may be extended from time (the expiration date), and each of the four preceding trading days (the formula price). If, however, the formula price is less than 75 percent of the Funds net asset value per share of common stock on the expiration date, then the subscription price will be 75 percent of the Funds net asset value per share of common stock on that day.
- [F3]Reflects sale of rights issued to all Fund Shareholders in an exempt transaction under Rule 16a-9. Rights entitle the holder to purchase one share of common stock for every three rights held (subject to round-up).
- [F4]Rights holders were permitted to exercise rights at any time during the subscription period, which commenced on March 23, 2010 and is expected to expire at 5:00 p.m. on April 16, 2010.
- [F5]The rights offering is expected to expire at 5:00 p.m. on April 16, 2010.
- [F6]Represents the number of shares of common stock of the Fund that the rights being disposed may be converted into if they had been exercised.
- [F7]Reflects the number of rights being retained by Mr. Taylor.
Issuer
GREATER CHINA FUND INC
CIK 0000887546
Entity typeother
Related Parties
1- filerCIK 0001293292
Filing Metadata
- Form type
- 4
- Filed
- Apr 14, 8:00 PM ET
- Accepted
- Apr 15, 5:55 PM ET
- Size
- 8.9 KB