4//SEC Filing
China United Insurance Service, Inc. 4
Accession 0001144204-17-020124
CIK 0001512927operating
Filed
Apr 11, 8:00 PM ET
Accepted
Apr 12, 11:09 AM ET
Size
14.7 KB
Accession
0001144204-17-020124
Insider Transaction Report
Form 4
HAU LI CHUWAN
Director
Transactions
- Exercise/Conversion
Common Stock
2015-03-31+352,166→ 1,352,166 total - Award
Call Option (Right to Buy)
2015-02-13+1→ 0 totalFrom: 2015-02-13Exp: 2015-08-13→ Common Stock (352,166 underlying) - Exercise/Conversion
Call Option (Right to Buy)
2015-03-31−1→ 0 totalFrom: 2015-02-13Exp: 2015-08-13→ Common Stock (352,166 underlying) - Other
Put Option (Right to Sell)
2016-08-08−1→ 0 totalFrom: 2016-02-28Exp: 2016-08-08→ Common Stock (352,166 underlying) - Award
Put Option (Right to Sell)
2016-02-28+1→ 0 totalFrom: 2016-02-28Exp: 2016-08-08→ Common Stock (352,166 underlying)
Footnotes (2)
- [F1]Pursuant to the terms of an acquisition agreement (the "Acquisition Agreement"), on February 13, 2015 the Reporting Person received from the Issuer the right to acquire 352,166 shares of Common Stock of the Issuer in exchange for 352,166 shares of Action Holdings Financial Limited (the "AHFL Shares") to be transferred by the Reporting Person to the Issuer (the "Call Option"). The Acquisition Agreement did not assign a dollar value to the shares of Common Stock, the AHFL Shares, the Call Option or the property transferred by the Reporting Person to the Issuer in the transaction. The Reporting Person exercised the Call Option on March 31, 2015 in exchange for the AHFL Shares.
- [F2]The Issuer and the Reporting Person amended (the "Amendment") the Acquisition Agreement on February 17, 2016 to provide that if the Issuer did not achieve certain goals by February 28, 2016, the Reporting Person would have the right to put back to the Issuer 352,166 shares of Common Stock of the Issuer in exchange for 352,166 shares of Action Holdings Financial Limited then held by the Issuer (the "Put Option"). The Issuer did not achieve the goals and on February 28, 2016 the Put Option became exercisable by the Reporting Person. On August 8, 2016, the Amendment was subsequently terminated and as a result the Put Option was cancelled with no value received.
Documents
Issuer
China United Insurance Service, Inc.
CIK 0001512927
Entity typeoperating
Related Parties
1- filerCIK 0001512927
Filing Metadata
- Form type
- 4
- Filed
- Apr 11, 8:00 PM ET
- Accepted
- Apr 12, 11:09 AM ET
- Size
- 14.7 KB