SEC Form 4 · accession 0001193805-16-003757
GULF RESOURCES, INC. · GURE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Min Li
Officer — Chief Financial Officer
Period of report
Aug 16, 2016
Accepted (ET)
Aug 17, 2016 · 4:31 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 | Aug 16, 2016 | M | 200,000 | $0.952 | A | 200,000 | D | |
| Common Stock, par value $0.0005 per shareF1 | Aug 16, 2016 | F | 109,425 | $1.74 | D | 90,575 | 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 | $0.952 | Aug 16, 2016 | M | 200,000 | D | May 30, 2013 | Apr 29, 2017 | Common Stock | 200,000 | 250,000 | D |
Explanation of responses
- F1Represents shares issued upon the cashless exercise of an option to purchase 200,000 shares of Common Stock at an exercise price of $0.952 per share using a fair market value of the Issuer's stock of $1.74.
- F2Represents the cashless exercise of an option to purchase shares of Common Stock at an exercise price of $0.952 per share.