Lee Kenneth Jue 4
4 · Yayi International Inc · Filed Feb 14, 2012
Insider Transaction Report
Form 4
Lee Kenneth Jue
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2012-02-10−707,992→ 0 totalExercise: $0.98Exp: 2020-06-11→ Common Stock (707,992 underlying) - Award
Stock Option (right to buy)
2012-02-10+707,992→ 707,992 totalExercise: $0.12Exp: 2020-06-11→ Common Stock (707,992 underlying)
Footnotes (2)
- [F1]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on June 11, 2010 and provides for vesting in six months from the grant date.
- [F2]The reporting person is an employee of SAIF Partners III L.P. ("SAIF"). Pursuant to the employment arrangement between the reporting person and SAIF, the reporting person is deemed to hold the reported option for the benefit of SAIF, and must exercise the option solely upon the direction of SAIF, which is entitled to the shares issued upon exercise. SAIF may be deemed the indirect beneficial owner of the option and the reporting person may be deemed the indirect beneficial owner of the option through his employment arrangement with SAIF. The reporting person disclaims beneficial ownership of the option except to the extent of his pecuniary interest therein.