RIWEN XUE 4
4 · CHINA CLEAN ENERGY INC · Filed Oct 16, 2009
Insider Transaction Report
Form 4
CHINA CLEAN ENERGY INCCCGY.OB
RIWEN XUE
DirectorChief Operating Officer
Transactions
- Award
Employee Stock Option (right to buy)
2008-01-09+50,000→ 50,000 totalExercise: $3.00Exp: 2018-01-09→ Common Stock (50,000 underlying) - Other
Common Stock, par value $0.001 per share
2009-01-30−201,680→ 758,020 total - Award
Employee Stock Option (right to buy)
2008-01-09+50,000→ 50,000 totalExercise: $2.50Exp: 2018-01-09→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]On January 30, 2009, the reporting person transferred 201,680 shares of common stock to each of the investors in the Issuer's $15,000,000 January 9, 2008 private placement for no consideration due to the Issuer's failure to achieve certain performance targets.
- [F2]The option vests 1/12 every three months beginning April 9, 2008.