Yang Tianli 4
4 · Harbin Electric, Inc · Filed Nov 3, 2011
Insider Transaction Report
Form 4
Yang Tianli
Vice President
Transactions
- Disposition to Issuer
Common Stock, par value $0.00001
2011-11-01−500,000→ 0 total(indirect: Held by Sea Giant Investments Limited)
Footnotes (3)
- [F1]On November 1, 2011, Harbin Electric, Inc. (the "Issuer") completed the merger pursuant to that certain Agreement and Plan of Merger dated as of June 19, 2011, as amended on October 11, 2011 (the "Merger Agreement"), by and among the Issuer, Tech Full Electric Acquisition, Inc., a Nevada corporation ("Merger Sub") and Tech Full Electric Company Limited, a Cayman Islands exempted company ("Parent") pursuant to which Merger Sub merged with and into the Issuer with the Issuer surviving the merger as a wholly owned subsidiary of Parent (the "Merger").
- [F2]In connection with the Merger, the reporting person contributed 500,000 shares of the Issuer's common stock to Parent immediately prior to the consummation of the Merger pursuant to that certain contribution agreement dated as of June 19, 2011, by and among Parent, the Issuer, the reporting person and certain other rollover shareholders.
- [F3]Mr. Yang is the sole owner of the equity of Sea Giant Investments Limited ("Sea Giant") and has voting and dispositive control over the shares of common stock held by Sea Giant.