SEC Form 4 · accession 0001144204-16-085467
Takung Art Co., Ltd. · TKAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Di Xiao
Officer — Chief Executive Officer · Director
Period of report
Mar 1, 2016
Accepted (ET)
Mar 2, 2016 · 10:02 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001491487
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EmployeeStockOptionsF1 | $3.30 | Mar 1, 2016 | A | 50,000 | A | Mar 1, 2016 | Feb 28, 2026 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1This option (the "Option") was issued pursuant to the Company's 2015 Incentive Stock Plan and the Incentive Stock Option Agreement dated as of March 1, 2016. The Option shall become exercisable during the term of the Reporting Person's employment in three (3) equal annual installments of 16,666 shares of common stock each, the first installment to be exercisable on the date of issue of this Option (the "Initial Vesting Date"), with additional installments becoming exercisable on each of the successive periods following the Initial Vesting Date.