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Enlightify Inc. — Director's Dealing 2011
Feb 2, 2011
35110_dirs_2011-02-02_3fb12873-3276-4e18-b7ca-c2d96c0aa38b.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: 2010-12-31
Reporting Person: Li Tao (Director, Chief Executive Officer, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-12-31 | Common Stock, par value $0.001 | A | 25000 | — | Acquired | 7574987 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-12-31 | Stock Option | $14.70 | A | 25000 | Acquired | 2015-01-03 | Common Stock (25000) | Direct |
Footnotes
F1: On January 3, 2010, the reporting person was granted an aggregate of 75,000 shares of restricted stock pursuant to the
Issuer's 2009 Equity Incentive Plan, with (i) 25,000 of the shares vesting on February 2, 2010 (the "First Restricted
Traunch"), (ii) 25,000 of the shares vesting on December 31, 2010 if the Issuer achieves certain financial performance
targets for the fiscal year ended June 30, 2010 (the "Second Restricted Traunch"), and (ii) 25,000 of the shares vesting on
December 31, 2011 if the Issuer achieves certain financial performance targets for the fiscal year ended June 30, 2011 (the
"Third Restricted Traunch").
F2: The grant of the First Restricted Traunch was reported on a Form 4 filed on January 11, 2010 because it was not subject to
any performance-based vesting criteria. The performance-based vesting criteria for the Second Restricted Traunch was
achieved by the Issuer and the Second Restricted Traunch vested on December 31, 2010 as reported on this Form 4. If the
performance-based vesting criteria for the Third Restricted Traunch are met as of December 31, 2011, such vesting will be
disclosed on a separate Form 4 and only then will be included in Table I.
F3: On January 3, 2010, the reporting person was granted options to purchase an aggregate of 75,000 shares of common stock
pursuant to the Issuer's 2009 Equity Incentive Plan, with (i) 25,000 of the options vesting on February 2, 2010 (the "First
Options Traunch"), (ii) 25,000 of the options vesting on December 31, 2010 if the Issuer achieves certain financial
performance targets for the fiscal year ended June 30, 2010 (the "Second Options Traunch"), and (ii) 25,000 of the options
vesting on December 31, 2011 if the Issuer achieves certain financial performance targets for the fiscal year ended June 30,
2011 (the "Third Options Traunch").
F4: The grant of the First Options Traunch was reported on a Form 4 filed on January 11, 2010 because it was not subject to any
performance-based vesting criteria. The performance-based vesting criteria for the Second Options Traunch was achieved by
the Issuer and the Second Options Traunch vested on December 31, 2010 as reported on this Form 4. If the performance-based
vesting criteria for the Third Options Traunch are met as of December 31, 2011, such vesting will be disclosed on a separate
Form 4 and only then will be included in Table II.