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Enlightify Inc. — Director's Dealing 2009
Feb 25, 2009
35110_dirs_2009-02-25_a2effeef-74cf-4ab9-a353-6080d8a35138.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: China Green Agriculture, Inc. (CGAG)
CIK: 0000857949
Period of Report: 2009-02-24
Reporting Person: To Yinshing David (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2009-02-24 | Common Stock | J | 1089280 | — | Disposed | 3706217 | Direct |
Footnotes
F1: Pursuant to a call option agreement between the Reporting Person and Mr. Tao Li, dated December 26, 2007, the Reporting Person is obligated to transfer to Mr. Li up to 6,535,676 shares of the Issuer's Common Stock upon the satisfaction of certain conditions (the "Call Option Agreement").By February 24, 2009, Mr. Li has satisfied Condition 4 set forth in the Call Option Agreement, the Reporting Person hence transferred 1,089,280 shares to Mr. Li accordingly.
F2: Among the 3,706,217 shares of Common Stock beneficially owned by the Reporting Person, 3,156,808 shares are placed in an escrow account pursuant to the Make Good Escrow Agreement by and among the Issuer, the Reporting Person, the Investors and the escrow agent named therein, dated December 26, 2007. In the event that the Issuer does not achieve the 2009 Targets set forth therein, the 3,156,808 shares of Common Stock will be conveyed to the Investors for no additional consideration. In the event that the Issuer meets the 2009 Targets, the 3,156,808 shares will be transferred to Mr. Li.