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Enlightify Inc. — Director's Dealing 2008
Sep 25, 2008
35110_dirs_2008-09-25_5e17ba3b-6fe3-4efb-91cc-9f670b12324b.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: Li Tao (Director, Chairman, President and CEO, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-03-26 | Common Stock | J | 3267838 | — | Acquired | 5446396 | Direct |
| 2008-09-19 | Common Stock | J | 2178558 | — | Acquired | 5446396 | Direct |
Footnotes
F1: Persuant to a call option agreement by and between Mr. Tao Li and Mr. Yinshing To dated December 26, 2007, Mr. Li has the opportunity to acquire up to 6,535,676 shares of the Company's common stock from Mr. To upon the satisfaction of certain conditions listed therein. On March 26, 2008, Mr. Li satisfied condition 1 in entrying into a new binding employment agreement to serve as Techteam's CEO and Chairman and therefore received 3,267,838 shares of common stock.
F2: Among 5,446,396 shares of common stock beneficially owned by Mr. Li, 897,387 shares were owned by Mr. Li's wife and 897,387 shares were owned by Mr. Li's son, leaving 3,651,622 shares of common stock directly owned by Mr.Li.
F3: Persuant to an call option agreement by and between Mr. Tao Li and Mr. Yinshing To dated December 26, 2007, Mr. Li has the opportunity to acquire up to 6,535,676 shares of the Company's common stock from Mr. To upon the satisfaction of certain conditions listed therein. By September 19, 2008, Mr. Li satisfied conditions 2 and 3 and received an aggregate of 2,178,558 shares accordingly.