HE WEILI 4
4 · China Advanced Construction Materials Group, Inc · Filed May 24, 2018
Insider Transaction Report
Form 4
HE WEILI
DirectorCHIEF OPERATING OFFICER10% Owner
Transactions
- Award
Common Stock
2018-05-04$450000.00/sh+896,766$403,544,700,000→ 1,272,388 total - Sale
Common Stock
2018-05-04−1,117,300→ 155,088 total
Footnotes (2)
- [F1]The shares were issued to offset the payables in the amount of $1,838,369.60 from the Company to the Reporting Person at $2.05 per share, the closing bid price quoted by Nasdaq on April 3, 2018.
- [F2]The share were sold to Hou Sing International Business Limited ("Hou Sing") pursuant to certain securities purchase agreement dated May 16, 2018 in consideration of Hou Sing's forgiveness of debt of $2,658,093 owned by the Reporting Person.