SEC Form 4 · accession 0001062993-16-008302
Kandi Technologies Group, Inc. · KNDI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jingsong Qian
Director
Period of report
Apr 23, 2015
Accepted (ET)
Mar 11, 2016 · 4:06 pm EST
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 StockF1 | Apr 23, 2015 | A | 40,000 | $0.00 | A | 40,000 | D | |
| Common StockF2 | Jun 18, 2015 | S | 31,000 | $10.00 | D | 9,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3 | $9.72 | May 27, 2015 | A | 500,000 | A | May 27, 2016 | May 27, 2025 | Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1On April 23, 2015, under the Company's 2008 Omnibus Long-Term Incentive Plan, the Company issued the Reporting Person a total of 40,000 shares of Company's Common Stock, vested immediately.
- F2On June 18, 2015, the Reporting Person sold a total of 31,000 shares of Company's Common Stock at approximately $10 per share.
- F3On 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 500,000 shares of Company's Common Stock, one third of the option is exercisable at the anniversary of each of the next three years.