GULF RESOURCES, INC. — Director's Dealing 2010

Dec 17, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GULF RESOURCES, INC. (GFRE)
CIK: 0000885462
Period of Report: 2010-12-06

Reporting Person: Liu Xiaobin (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-09	Common Stock, par value $0.0005 per share	C	14831	$4.80	Acquired	14831	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-09	Common Stock, par value $0.0005 per share	$4.80	F	25000	Disposed	2019-03-09	Common Stock (25000)	Direct

Footnotes

F1: Represents shares issued on December 9, 2010 upon the cashless exercise of an option to purchase 25,000 shares of Common Stock at an exercise price of $4.80 per share using a fair market value of the Issuer's stock of $11.80 on the date of exercise, December 6, 2010.

F2: Represents the cashless exercise of an option to purchase shares of Common Stock at an exercise price of $4.80 per share using a fair market value of $11.80 on the date of exercise, December 6, 2010.