Zhang Hai Ming 4
4 · CHINA IVY SCHOOL, INC. · Filed Jul 24, 2009
Insider Transaction Report
Form 4
Zhang Hai Ming
Director
Transactions
- Purchase
Convertible Note
2009-06-30$64000.00/sh+800,000$51,200,000,000→ 800,000 totalExercise: $0.08From: 2009-06-30Exp: 2010-06-30→ Common Stock (800,000 underlying)
Footnotes (1)
- [F1]On June 30, 2009, the Reporting Person purchased a 6% Convertible Note of the Issuer (the "Convertible Note"). The Convertible Note is immediately convertible, in part or in full, into shares of the Issuer's common stock, par value $.01 per share (the "Common Stock). Interest on the Convertible Notes is payable upon maturity. Assuming that the note is not redeemed in whole or in part but is instead fully converted, the Reporting Person's Convertible Note is convertible into up 800,000 shares of the Issuer's Common Stock. No interest will be paid, in cash or stock, on any portion of the Convertible Note which is converted into Common Stock.