4//SEC Filing
Han Jie 4
Accession 0001079973-11-000567
CIK 0001353970other
Filed
Jul 6, 8:00 PM ET
Accepted
Jul 7, 8:04 AM ET
Size
9.4 KB
Accession
0001079973-11-000567
Insider Transaction Report
Form 4
Han Jie
DirectorChairman, President, CEO, CFO
Transactions
- Award
Common Stock of par value US$0.0001
2009-08-26+8,127,533→ 8,127,533 total - Award
Common Stock of par value US$0.0001
2011-07-05+24,382,598→ 32,510,131 total(indirect: Through 100% ownership of XDE) - Award
Series B Preferred Stock of par value US$0.0001
2011-07-05+1,000,000→ 33,510,131 total(indirect: Through 100% ownership of XDE)
Footnotes (3)
- [F1]Shares were issued pursuant to an option agre ement (the "Option Agreement") entered into on May 16, 2008 by and between Jie HAN and Qiuyao PIAO, the then sole shareholder of XD Engineering Plastics Company Ltd.("XDE"), whereby upon the achievement of certain performance targets, Jie HAN has the right to exercise an option to receive certain shares. On August 26, 2009, based on the achievement of the performance target for fiscal year 2008 pursuant to the Option Agreement, Jie HAN exercised his option and received 8,127,533 shares of common stock of China XD Plastics Company Limited (the "Issuer") transferred from XDE and 25% equity stake in XDE.
- [F2]Jie HAN further exercised his option to purchase the remaining 75% equity stake in XDE on July 5, 2011 based on the satisfaction of performance targets for both fiscal year 2009 and fiscal year 2010 pursuant to the Option Agreement. As a result, Jie HAN became the sole shareholder of XDE and the beneficial owner of 24,382,598 shares of Common Stock of the Issuer held by XDE.
- [F3]Jie HAN became the beneficial owner of 1,000,000 Series B Preferred Stock of the Issuer held by XDE through its sole ownership of XDE. The Series B Preferred Stock is not convertible and has an aggregate voting power of 40% of the combined voting power of all of the Issuer's shares, for as long as the Issuer is in existence.
Documents
Issuer
China XD Plastics Co Ltd
CIK 0001353970
Entity typeother
Related Parties
1- filerCIK 0001453248
Filing Metadata
- Form type
- 4
- Filed
- Jul 6, 8:00 PM ET
- Accepted
- Jul 7, 8:04 AM ET
- Size
- 9.4 KB