SEC Form 4 · accession 0001193805-15-000915
GULF RESOURCES, INC. · GURE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nan Li
Director
Period of report
Jun 9, 2015
Accepted (ET)
Jun 11, 2015 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000885462
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.0005 per shareF1 | Jun 9, 2015 | C | 5,055 | $1.37 | A | 5,055 | D | |
| Common Stock, par value $0.0005 per shareF1 | Jun 9, 2015 | C | 4,946 | $1.39 | A | 10,001 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.0005 per shareF2 | $1.37 | Jun 9, 2015 | F | 12,500 | D | Nov 8, 2012 | Nov 11, 2015 | Common Stock | 12,500 | 25,000 | D |
| Common Stock, par value $0.0005 per shareF2 | $1.39 | Jun 9, 2015 | F | 12,500 | D | Nov 10, 2014 | Nov 9, 2017 | Common Stock | 12,500 | 12,500 | D |
Explanation of responses
- F1Represents shares issued on June 9, 2015 upon the cashless exercise of an option to purchase 12,500 shares of Common Stock at an exercise price of $1.37 per share using a fair market value of the Issuer's stock of $2.3 on June 8, 2015; Represents shares issued on June 9, 2015 upon the cashless exercise of an option to purchase 12,500 shares of Common Stock at an exercise price of $1.39 per share using a fair market value of the Issuer's stock of $2.3 on June 8, 2015
- F2Represents the cashless exercise of an option to purchase shares of Common Stock at an exercise price of $1.37 per share using a fair market value of $2.3 on June 8, 2015; Represents the cashless exercise of an option to purchase shares of Common Stock at an exercise price of $1.39 per share using a fair market value of $2.3 on June 8, 2015.