4//SEC Filing
Ji Qinan 4
Accession 0001144204-10-063046
CIK 0001120830other
Filed
Nov 22, 7:00 PM ET
Accepted
Nov 23, 7:23 AM ET
Size
16.0 KB
Accession
0001144204-10-063046
Insider Transaction Report
Form 4
Ji Qinan
DirectorChief Executive Officer10% Owner
Transactions
- Exercise/Conversion
Common stock
2010-05-20$4.90/sh+36,500$178,850→ 1,564,616 total - Sale
Call Options (obligation to sell)
2007-09-22−50,000→ 50,000 totalExercise: $16.00Exp: 2012-06-01→ Common Stock (50,000 underlying) - Award
Employee Stock Option (right to buy)
2009-04-01+146,000→ 146,000 totalExercise: $4.90Exp: 2015-04-01→ Common Stock (146,000 underlying) - Sale
Common stock
2010-08-10$7.03/sh−36,500$256,613→ 1,528,116 total - Exercise/Conversion
Employee Stock Option (right to buy)
2010-05-20−36,500→ 109,500 totalExercise: $4.90From: 2010-04-01Exp: 2015-04-01→ Common Stock (36,500 underlying)
Holdings
- 1,437,682(indirect: See Footnote)
Common stock
Footnotes (7)
- [F1]China Natural Gas, Inc. effected a 1 for 2 reverse stock split on April 28, 2009. Figures listed herein reflect the April 28, 2009 reverse stock split.
- [F2]On December 9, 2005, China Natural Gas, Inc. declared a stock dividend, payable to holders of record of common stock on December 15, 2005, of three shares of common stock for one share of common stock outstanding. As a result, Qinan Ji received 1,146,087 shares of common stock on December 19, 2005. Xi'an Sunway Technology & Industry Co., Ltd. ("Xi'an Sunway"), a company formed under the laws of the People's Republic of China, and in which Mr. Ji owns 42.1% of the outstanding equity, received 1,078,262 shares of common stock on December 19, 2005.
- [F3]Qinan Ji shares voting and investment power over 1,437,682 shares of common stock that are directly owned of record by Xi'an Sunway, due to Mr. Ji's ownership of 42.1% of the outstanding equity of Xi'an Sunway. Mr. Ji disclaims any beneficial ownership in the 1,437,682 shares of common stock that are directly owned of record by Xi'an Sunway Technology & Industry Co., Ltd., except to the extent of his pecuniary interest therein.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.00 to $7.08, inclusive. Qinan Ji 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 (4) to this Form 4.
- [F5]On September 22, 2007, Qinan Ji wrote covered calls on 50,000 of his personally-owned shares of common stock of China Natural Gas, Inc. As of the date of this Form 4, none of these covered calls have been exercised.
- [F6]30% of the options vested on September 22, 2008, 30% vested on September 22, 2009 and the remaining 40% vested on September 22, 2010.
- [F7]The options vest in four equal installments. The first installment vested on April 1, 2010, and the remaining installments will vest annually thereafter.
Documents
Issuer
China Natural Gas, Inc.
CIK 0001120830
Entity typeother
Related Parties
1- filerCIK 0001347584
Filing Metadata
- Form type
- 4
- Filed
- Nov 22, 7:00 PM ET
- Accepted
- Nov 23, 7:23 AM ET
- Size
- 16.0 KB