4//SEC Filing
Yang Xiang Dong 4
Accession 0000909518-09-000779
CIK 0001120830other
Filed
Nov 9, 7:00 PM ET
Accepted
Nov 10, 9:25 PM ET
Size
53.4 KB
Accession
0000909518-09-000779
Insider Transaction Report
Form 4
Abax Global Opportunities Fund
10% Owner
Transactions
- Award
Option (right to buy)
2009-04-01+10,000→ 10,000 totalExercise: $2.45Exp: 2019-04-01→ Common Stock (10,000 underlying)
Abax Arhat Fund
10% Owner
Transactions
- Award
Option (right to buy)
2009-04-01+10,000→ 10,000 totalExercise: $2.45Exp: 2019-04-01→ Common Stock (10,000 underlying)
Abax Lotus Ltd.
10% Owner
Transactions
- Award
Option (right to buy)
2009-04-01+10,000→ 10,000 totalExercise: $2.45Exp: 2019-04-01→ Common Stock (10,000 underlying)
Yang Xiang Dong
Director10% Owner
Transactions
- Award
Option (right to buy)
2009-04-01+10,000→ 10,000 totalExercise: $2.45Exp: 2019-04-01→ Common Stock (10,000 underlying)
Abax Claremont Ltd.
10% Owner
Transactions
- Award
Option (right to buy)
2009-04-01+10,000→ 10,000 totalExercise: $2.45Exp: 2019-04-01→ Common Stock (10,000 underlying)
Abax Global Capital
10% Owner
Transactions
- Award
Option (right to buy)
2009-04-01+10,000→ 10,000 totalExercise: $2.45Exp: 2019-04-01→ Common Stock (10,000 underlying)
Abax Upland Fund LLC
10% Owner
Transactions
- Award
Option (right to buy)
2009-04-01+10,000→ 10,000 totalExercise: $2.45Exp: 2019-04-01→ Common Stock (10,000 underlying)
Footnotes (4)
- [F1]Pursuant to a Notice of Grant, the Issuer granted to Yang Xiang Dong a Nonstatutory Option dated April 1, 2009 to purchase shares of common stock at an exercise price of $2.45 per share. The option vests in increments of 25% of the aggregate number of option shares each year, beginning on the first anniversary of April 1, 2009, and subject to Yang Xiang Dong's continued status as a member of the Issuer's board of directors. Exercise price and number of shares are subject to proportional adjustment in the event of stock splits, combinations and the like involving the Issuer's common stock.
- [F2]Not applicable.
- [F3]Yang Xiang Dong beneficially owns the Options directly. Abax Lotus Ltd. is party to an investor rights agreement with certain shareholders of the Issuer, and if they are deemed to be a "group" by virtue of such arrangement, such group may be deemed a greater than 10% owner. The Reporting Persons expressly disclaim beneficial ownership of the securities of the Issuer that are owned by such shareholders.
- [F4](Continuation of Footnote 3) Abax Global Opportunities Fund (the "Fund"), is the sole shareholder of Abax Lotus Ltd.; Abax Arhat Fund ("Arhat") and Abax Upland Fund LLC ("Upland"), each owns 50% of the Fund; Abax Global Capital (the "Arhat Shareholder"), is the sole shareholder of Arhat; Abax Claremont Ltd. (the "Upland Managing Member"), is the managing member of Upland; and Mr. Yang is the controlling member of the Arhat Shareholder and the Upland Managing Member. Each of the Reporting Persons disclaims beneficial ownership except to the extent of its or his pecuniary interest therein.
Documents
Issuer
China Natural Gas, Inc.
CIK 0001120830
Entity typeother
Related Parties
1- filerCIK 0001439360
Filing Metadata
- Form type
- 4
- Filed
- Nov 9, 7:00 PM ET
- Accepted
- Nov 10, 9:25 PM ET
- Size
- 53.4 KB