FANG SIPING 4
4 · CHINA VALVES TECHNOLOGY, INC · Filed Sep 19, 2012
Insider Transaction Report
Form 4
FANG SIPING
Director10% Owner
Transactions
- Other
Common Stock
2012-09-17$0.00/sh+12,583,032$12,583→ 12,583,032 total
Footnotes (1)
- [F1]Pursuant to an earn-in agreement dated April 10, 2008 between Mr. Siping Fang and Mr. Bin Li (the "Earn-In Agreement"), on September 17, 2012, Mr. Fang exercised his right to purchase 12,150,000 shares held by Mr. Li for $0.001 per share plus $75,700. The Earn-In Agreement was disclosed in a current report on Form 8-K on April 16, 2008. Mr. Li also transferred additional 433,032 shares he owned to Mr. Fang at $0.001 per share.