SEC Form 4 · accession 0001193805-16-003902
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
Sep 5, 2016
Accepted (ET)
Sep 6, 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 | Sep 5, 2016 | M | 150,000 | $0.978 | A | 240,575 | D | |
| Common Stock, par value $0.0005 per shareF1 | Sep 5, 2016 | F | 82,415 | $1.78 | D | 158,160 | 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,F1 | $0.978 | Sep 5, 2016 | M | 150,000 | D | Nov 19, 2014 | Nov 18, 2018 | Common Stock | 150,000 | 100,000 | D |
Explanation of responses
- F1Represents shares issued upon the cashless exercise of an option to purchase 150,000 shares of Common Stock at an exercise price of $0.978 per share using a fair market value of the Issuer's stock of $1.78.
- F2Represents the cashless exercise of an option to purchase shares of Common Stock at an exercise price of $0.978 per share.