SEC Form 4 · accession 0001062993-15-003141
Kandi Technologies Group, Inc. · KNDI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Xiaoming Hu
Officer — President and CEO · Director · 10% Owner
Period of report
May 27, 2015
Accepted (ET)
May 29, 2015 · 4:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001316517
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 938,077 | D | ||
| Common Stock | holding | — | — | — | 12,000,000 | I | By Excel Vantage Group, Ltd. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $9.72 | May 27, 2015 | A | 900,000 | A | May 27, 2016 | May 27, 2024 | Common Stock | 900,000 | 900,000 | D |
Explanation of responses
- F1On May 27, 2015, under the Company's 2008 Omnibus Long-Term Incentive Plan, the Company granted the Reporting Person stock option to purchase a total of 900,000 shares of Company's Common Stock, one third of the option is exercisable at the anniversary of each of the next three years.