Tu Ren Ping 4
4 · China Forestry Industry Group, Inc. · Filed Sep 8, 2011
Insider Transaction Report
Form 4
Tu Ren Ping
10% Owner
Transactions
- Exercise of In-Money
Common Stock, $0.001 par value
2011-09-06$0.12/sh−20,500,000$2,480,500→ 0 total
Footnotes (1)
- [F1]In accordance with the option agreement, dated May 17, 2010, by and between the reporting person and her husband Mr. Yulu Bai, Mr. Bai exercised the option to acquire all 20,500,000 shares of the issuer's common stock held by the reporting person for an exercise price of $2,500,000. As a result, the reporting person transferred all 20,500,000 shares of the issuer's common stock held by her to her husband Mr. Yulu Bai. The reporting person disclaims any beneficial ownership of shares owned by her husband Mr. Yulu Bai, except for pecuniary interest therein.