China Green Agriculture, Inc. 5
5 · China Green Agriculture, Inc. · Filed Sep 30, 2008
Insider Transaction Report
Form 5
Hao Yu
Director
Transactions
- Exercise of In-Money
Stock Option (right to purchase)
2008-06-24−20,000→ 10,000 totalExercise: $3.25From: 2008-01-31Exp: 2011-01-30→ Common Stock (10,000 underlying) - Exercise of In-Money
Common Stock
2008-06-24+17,695→ 17,695 total
Footnotes (2)
- [F1]The optionee elected to exercise the stock option through a "cashless exercise" in which the optionee shall receive the shares based on the following formula: The numerator is the product of Y and (A-B), and the denominator is A. Among which, "Y" represents the number of option shares the optionee elected to exercise, i.e. 20,000, "A" represents the average five trading days' closing prices prior to the exercise date (June 24, 2008)(but excluding the exercise date), i.e. $28.2, and "B" represents exercise price, which was $3.25.
- [F2]The Stock Option was granted to the optionee as an incentive for him to serve as the financial manager of Techteam, the Company's subsidiary.