LIU MINHUA 4
4 · CHINA MEDICINE CORP · Filed Apr 23, 2009
Insider Transaction Report
Form 4
CHINA MEDICINE CORPCHME.OB
LIU MINHUA
DirectorExecutive Vice President10% Owner
Transactions
- Purchase
Option
2009-04-22$0.53/sh+50,000$26,500→ 50,000 totalExercise: $1.25From: 2006-02-08Exp: 2011-02-07→ Common Stock (50,000 underlying)
Holdings
- 2,612,000
Common Stock
Footnotes (2)
- [F1]On April 22, 2009, Mr. Jinkui Xie and the Reporting Person entered into an Option Transfer Agreement, pursuant to which, Mr. Xie transferred his option to purchase 50,000 shares of the Issuer's Common Stock (the "Option") to the Reporting Person for RMB 180,000 (approximately US$26,352) (the "Transfer"). Such option was initially granted by the Issuer to Mr. Xie on February 8, 2006. The Reporting Person assumed the same terms of the Option Mr. Xie held.
- [F2]The total consideration for the Transfer of the Option is RMB180,000 (approximately US $26,352), i.e. approximately $0.53 per share of Option.