American Lorain CORP 4
4 · American Lorain CORP · Filed Sep 21, 2007
Insider Transaction Report
Form 4
American Lorain CORP(ALRC.OB)
CHEN SI
DirectorCEO and President10% Owner
Transactions
- Conversion
See Remarks (1) and Footnote
2007-07-17−627,897→ 0 totalExercise: $66.15From: 2008-05-03Exp: 2014-05-02→ Common Stock (14,677,092 underlying) - Conversion
See Remarks (2) and Footnote
2007-07-17+14,677,092→ 14,677,084 totalExercise: $66.15From: 2008-05-03Exp: 2014-05-02→ Common Stock (14,677,092 underlying)
Footnotes (1)
- [F1]Pursuant to an Option Agreement between the Reporting Person and Mr. Hisashi Akazawa, dated May 3, 2007, the Reporting Person was granted an option to purchase 627,897 shares of the Issuer's Series B Voting Convertible Preferred Stock held by Mr. Akazawa along with any shares of Common Stock that such Series B Voting Convertible Preferred Stock may be converted into. The number of shares of Series B Voting Convertible Preferred Stock and Common Stock that such shares of Series B Voting Convertible Preferred Stock will be converted into will be adjusted for any splits, reverse splits, stock dividends or any other adjustments to the capital structure of the Issuer. On July 17, 2007, the shares of Series B Voting Convertible Preferred Stock automatically converted on the basis of 767.635 shares of Common Stock for each one share of Series B Voting Convertible Preferred Stock and all shares of Common Stock will be subject to a 1-for-32.84 reverse split by the Issuer.