SEC Form 4 · accession 0001062993-16-012484
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
Apr 13, 2016
Accepted (ET)
Nov 28, 2016 · 7:43 am 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 13, 2016 | A | 100,000 | $0.00 | A | 1,138,077 | D | |
| Common StockF2 | Nov 23, 2016 | P | 107,000 | $4.16 | A | 12,107,000 | I | By Excel Vantage Group, Ltd. |
| Common StockF3 | Nov 25, 2016 | P | 19,720 | $4.58 | A | 12,126,720 | 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 Option | $9.72 | May 27, 2015 | A | 900,000 | A | May 27, 2016 | May 27, 2025 | Common Stock | 900,000 | 900,000 | D |
Explanation of responses
- F1On April 13, 2016, under the Company's 2008 Omnibus Long-Term Incentive Plan, the Company issued the reporting person a total of 100,000 shares of Company's Common Stock, vested immediately.
- F2On November 23, 2016, the reporting person, via Excel Vantage Group, Ltd., purchased a total of 107,000 shares of common stock from open market at an average price of $4.16.
- F3On November 25, 2016, the reporting person, via Excel Vantage Group, Ltd., purchased a total of 19,720 shares of common stock from open market at an average price of $4.58.