Raeburn Barry L 4
4 · China Green Agriculture, Inc. · Filed Jan 12, 2010
Insider Transaction Report
Form 4
Raeburn Barry L
Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.001
2010-01-12+16,178→ 16,178 total - Award
Stock Option
2010-01-03+3,334→ 3,334 totalExercise: $14.70From: 2010-02-02Exp: 2015-01-03→ Common Stock (3,334 underlying) - Exercise/Conversion
Stock Option
2010-01-12−25,000→ 0 totalExercise: $6.00→ Common Stock (25,000 underlying)
Footnotes (5)
- [F1]These shares of common stock were acquired pursuant to the cashless exercise of outstanding stock options as described in footnote 3.
- [F2]Granted under the Issuer's 2009 Equity Incentive Plan.
- [F3]Mr. Raeburn received 16,178 shares of common stock upon the cashless exercise of options to purchase 25,000 shares of common stock at an exercise price of $6.00 per share. The cashless exercise was based on the following formula: X = Y[(A-B)/A], whereby X represents the number of shares of common stock issuable upon the cashless exercise (16,178); Y represents the number of shares being exercised (25,000), A represents the arithmetic average of the closing price of the common stock for the five trading days immediately prior to, but not including, the exercise date ($17.002), and B represents the Exercise Price ($6.00).
- [F4]7,500 of the options vested on 6/29/08, and 17,500 of the options vested on 07/01/09.
- [F5]7,500 of the options expire on 06/28/2010, and 17,500 of the options expire on 06/30/2011.