Zhao Nianzhang 4
4 · CHINA AMERICA HOLDINGS, INC. · Filed Jul 14, 2011
Insider Transaction Report
Form 4
Zhao Nianzhang
General Manager
Transactions
- Other
Stock Option (right to buy)
2011-06-29+1,671,600→ 1,671,600 totalExercise: $0.01Exp: 2016-06-29→ Common Stock (1,671,600 underlying)
Footnotes (3)
- [F1]After giving effect to a 400 for 1 reverse stock split the Issuer plans to implement.
- [F2]Rights acquired pursuant to Option Agreement filed as Exhibit 10.5 to the Issuer's Form 8-K filed with the SEC on July 7, 2011 (the "Option Agreement").
- [F3]557,200 shares are exercisable upon execution of a Share Exchange Agreement among the Issuer, China Ziyang Technology Co., Limited and Best Alliance Worldwide Investments Limited ("BAW"), which condition was met on June 30, 2011, 557,200 shares are exercisable upon Ziyang Ceramics Co., Ltd. ("Ziyang") achieving not less than $60,000,000 in Gross Revenues, as determined under US GAAP for any consecutive 12 months during the period from July 1, 2011 through June 30, 2013, 557,200 shares are exercisable upon Ziyang achieving not less than $12,000,000 in pre-tax profits, as determined under US GAAP for any consecutive 12 months during the period from July 1, 2011 through June 30, 2013.