CHEN WANG 4
4 · Shengkai Innovations, Inc. · Filed Mar 12, 2012
Insider Transaction Report
Form 4
CHEN WANG
DirectorChief Executive Officer10% Owner
Transactions
- Sale
Common Stock
2012-03-08$1.50/sh−50,000$75,125→ 8,462,600 total(indirect: Through Long Sunny Limited) - Sale
Common Stock
2012-03-08$1.50/sh−50,000$75,125→ 38,389 total
Footnotes (3)
- [F1]On March 8, 2012, Long Sunny Limited sold 50,000 shares of common stock of Shengkai Innovations, Inc. (the "Company") at a price of $1.5025 per share on the open market.
- [F2]Number has been adjusted to reflect a one-for-two reverse stock split of all the issued and outstanding common stock of the Company, effective March 9, 2012.
- [F3]The Reporting Person is the sole shareholder of Long Sunny Limited, a majority shareholder of the Company. The Reporting Person's beneficial ownership is based upon his 100% interest in Long Sunny Limited.