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Enlightify Inc. — Director's Dealing 2009
Aug 18, 2009
35110_dirs_2009-08-18_1182e055-ab65-4925-9ca8-ba71ce150c7e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: China Green Agriculture, Inc. (CGA)
CIK: 0000857949
Period of Report: 2009-08-17
Reporting Person: Yang Ying (CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2009-08-17 | Common Stock | P | 19938 | — | Acquired | 19938 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2009-08-17 | Stock Option | $4 | X | 28000 | Disposed | 2011-06-30 | Common Stock () | Direct |
Footnotes
F1: If exercising the option by cash, the underlying shares of common stock is 28,000; if cashless exercising the option, the underlying shares of common stock varies depending on the average closing price of the five trading days prior to the option exercise date.
F2: The exercise of the stock option was in a cashless manner pursuant to the following formula:X = Y [(A-B)/A], whereby X represents the number of shares the reporting person is to receive (19,938); Y represents the number of shares the reporting person is to exercise (28,000), A represents the arithmetic average of the closing prices fro the five trading days immediately prior to (but not including) the exercise date ($13.892), B represents the Exercise Price ($4.00).
F3: The shares were received as a result of the reporting person's exercise of her stock option in a cashless manner. Please see Footnote 2 of the cashless exercise formula.