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Enlightify Inc. — Director's Dealing 2008
Sep 30, 2008
35110_dirs_2008-09-30_4d260be0-b2ba-4678-923e-3e944fc00c2f.zip
Director's Dealing
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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership
Issuer: China Green Agriculture, Inc. (CGAG.OB)
CIK: 0000857949
Period of Report: 2008-06-30
Reporting Person: Hao Yu (Director, Financial Manager of Techteam)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-06-24 | Common Stock | X | 17695 | — | Acquired | 17695 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-06-24 | Stock Option (right to purchase) | $3.25 | X | 20000 | Disposed | 2011-01-30 | Common Stock (10000) | Direct |
Footnotes
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.