Wang Ping 4

4 · Ziyang Ceramics Corp · Filed Oct 18, 2012

Form 4

Period: 2012-10-02

Chief Financial Officer

Transactions

Other
Stock Option (right to buy)
2012-10-02−769,280→ 170,000 total
Exercise: $0.01Exp: 2016-06-29→ Common Stock (769,280 underlying)
Exercise of In-Money
Common Stock (par value $0.001)
2012-10-02$0.01/sh+170,000$1,700→ 170,000 total
Exercise of In-Money
Stock Option (right to buy)
2012-10-02$0.01/sh−170,000$1,700→ 0 total
Exercise: $0.01Exp: 2016-06-29→ Common Stock (170,000 underlying)

Footnotes (3)

[F1]Since the Reporting Person's last report, options (the "Options") to purchase 769,280 shares of Issuer's common stock were transferred to beneficial owners, none of whom owned more than 10% of the Issuer's securities. No such beneficial owner is an executive officer or director of the Issuer.
[F2]Excludes 170,000 shares beneficially owned by Best Alliance Worlwide Investments Limited ("BAW") subject to an option agreement. Reporting person is a director of BAW which the reporting person has voting and dispositive control over. Reporting person disclaims beneficial ownership of shares owned by BAW except to the extent of his beneficial interest therein as provided for in the Option.
[F3]The Options are included in the Option Agreement filed as Exhibit 10.5 to the Issuer's Form 8-K filed with the SEC on July 7, 2011.

Documents

1 file