CHEN SI 4
4 · American Lorain CORP · Filed Dec 23, 2008
Insider Transaction Report
Form 4
American Lorain CORP[ALRC.OB]
CHEN SI
DirectorCEO and President10% Owner
Transactions
- Exercise Out-of-Money
Option (right to buy)
2008-12-22−14,676,815→ 0 totalExercise: $2.83From: 2007-05-03Exp: 2014-05-03→ Common Stock (14,676,815 underlying) - Exercise Out-of-Money
Common Stock
2008-12-22+14,676,815→ 14,676,815 total - Purchase
Common Stock
2008-12-22+1,631,057→ 16,307,872 total
Footnotes (2)
- [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. 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 were subsequently subject to a 1-for-32.84 reverse split by the Issuer.
- [F2]Payment of the exercise price was waived.