Leighton Lawrence W. 4
4 · China Natural Gas, Inc. · Filed Nov 22, 2010
Insider Transaction Report
Form 4
Leighton Lawrence W.
Director
Transactions
- Award
Employee Stock Option (right to buy)
2009-04-01+5,000→ 5,000 totalExercise: $4.90Exp: 2015-04-01→ Common Stock (5,000 underlying) - Purchase
Common Stock
2008-08-20$10.22/sh+1,000$10,225→ 1,000 total - Exercise/Conversion
Employee Stock Option (right to buy)
2010-05-10−1,250→ 3,750 totalExercise: $4.90From: 2010-04-01Exp: 2015-04-01→ Common Stock (1,250 underlying) - Exercise/Conversion
Common Stock
2010-05-10$4.90/sh+1,250$6,125→ 2,250 total
Footnotes (3)
- [F1]China Natural Gas, Inc. effected a 1 for 2 reverse stock split on April 28, 2009. All figures listed herein reflect the April 28, 2009 reverse stock split.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.2205 to $10.2288, inclusive. Lawrence W. Leighton undertakes to provide to China Natural Gas, Inc., any security holder of China Natural Gas, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form 4.
- [F3]The options vest in four equal installments. The first installment vested on April 1, 2010, and the remaining installments will vest annually thereafter.