CHEN WANG 4
4 · Shengkai Innovations, Inc. · Filed Aug 27, 2009
Insider Transaction Report
Form 4
CHEN WANG
DirectorChief Executive Officer10% Owner
Transactions
- Conversion
Call Option
2009-08-05−0→ 0 total(indirect: Through Long Sunny Limited)Exercise: $30.00→ Common Stock (10,440,000 underlying) - Conversion
Common Stock
2009-08-05$30.00/sh+10,440,000$313,200,000→ 17,400,000 total(indirect: Through Long Sunny Limited)
Footnotes (2)
- [F1]Pursuant to a call option agreement entered into on June 9, 2008 by and between Wang Chen (the "Reporting Person") and Mr. Li Shaoqing, the holder of 60% of the stock of Long Sunny Limited ("Long Sunny"), the Reporting Person was granted an option to purchase, in seven installments, all of Mr. Li's stock in Long Sunny at an exercise price of $.01 or $.001 per share. As of August 5, 2009, the Reporting Person has exercised his option, resulting in his indirect beneficial ownership of an aggregate of 17,400,000 shares of the common stock of Shengkai Innovations, Inc.
- [F2]The call option has no expiration date.