XU HONG BING 4
4 · GC China Turbine Corp. · Filed Oct 13, 2010
Insider Transaction Report
Form 4
XU HONG BING
10% Owner
Transactions
- Sale
Common Stock
2010-07-13$0.00/sh−19,046,285$1,905→ 13,337,523 total(indirect: By Golden Wind Holdings Limited)
Footnotes (2)
- [F1]Sale of shares under various Call Option Agreements dated September 30, 2009 (the "Call Option Agreements").
- [F2]Pursuant to the terms of the Call Option Agreements, these shares are subject to an option to purchase upon the occurrence of certain events as set forth in the Call Option Agreements. 640,000 of these shares are being held in escrow pursuant to the terms of a Make Good Escrow Agreement.