SEC Form 4 · accession 0001062993-16-012601
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
Dec 1, 2016
Accepted (ET)
Dec 5, 2016 · 7:08 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 | Dec 1, 2016 | P | 34,000 | $4.75 | A | 12,203,205 | I | By Excel Vantage Group, Ltd. |
| Common StockF3 | Dec 2, 2016 | P | 28,251 | $4.67 | A | 12,231,456 | 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 December 1, 2016, the reporting person, via Excel Vantage Group, Ltd., purchased a total of 34,000 shares of common stock from open market at an average price of $4.75.
- F3On December 2, 2016, the reporting person, via Excel Vantage Group, Ltd., purchased a total of 28,251 shares of common stock from open market at an average price of $4.67.