Filing Details
- Accession Number:
- 0001185185-13-000270
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-02-08 16:13:33
- Reporting Period:
- 2013-01-30
- Filing Date:
- 2013-02-08
- Accepted Time:
- 2013-02-08 16:13:33
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1417172 | Green Dragon Wood Products Inc. | GDWP | Millwood, Veneer, Plywood, & Structural Wood Members (2430) | 261133266 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1470065 | Leung Kwok Lee | Unit 312, 3F, New East Ocean Centre 9 Science Museum Road Kowloon K3 000000 | Pres,Cfo,Secretary,Treasurer | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock, Par Value $0.001 Per Share | Acquisiton | 2013-01-30 | 20,000,000 | $0.01 | 20,120,000 | No | 4 | P | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Series A Convertible Preferred Stock,par value $.001 | Acquisiton | 2013-01-30 | 2,000,000 | $0.00 | 100,000,000 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
2,000,000 | No | 4 | J | Direct |
Footnotes
- On January 30, 2013, the Issuer entered into an employment agreement with Reporting Person pursuant to which the Issuer issued Reporting Person 2,000,000 shares of the Issuer's series A convertible preferred stock. The preferred stock is convertible, at the option of Reporting Person, in three equal parts on each of the 1st, 2nd and 3rd anniversary of the agreement. Each share of preferred stock shall carry 50 votes and shall be convertible into 50 shares of the Issuer's common stock. Upon the occurrence of either the Issuer (i) attaining an audited net income of $500,000 or audited gross revenue of $17,500,000 in the fiscal year ended March 31, 2014, or (ii) attaining an audited net income of $750,000 or attaining an audited gross revenue of $20,000,000 in the fiscal year ended March 31, 2015 and the market price of the Issuer's Common Stock on the date of conversion is equal to at least $0.25, all shares of series A preferred stock shall immediately be convertible.