Filing Details
- Accession Number:
- 0001072613-11-000432
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-04-29 21:27:13
- Reporting Period:
- 2009-08-06
- Filing Date:
- 2011-04-29
- Accepted Time:
- 2011-04-29 21:27:13
- SEC Url:
- Form 4 Filing
Issuer
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1222621 | M Priscilla Lu | 501 Fourth Street Santa Rosa CA 95401 | Yes | No | No | No | |
| 1513060 | Cathaya Capital Lp | 1501-08 Millennium City 5 418 Kwun Tong Road Kwun Tong K3 | Yes | No | Yes | Yes | |
| 1513221 | China Electric Vehicle Corp | 1501-08 Millennium City 5 418 Kwun Tong Road Kwun Tong K3 | No | No | No | Yes | |
| 1517669 | Ltd International World Better | 1501-08 Millennium City 5 418 Kwun Tong Road Kwun Tong K3 | No | No | No | Yes |
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 | Acquisiton | 2009-08-06 | 20,000,000 | $0.25 | 20,000,000 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2010-01-15 | 6,000,000 | $0.00 | 26,000,000 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2010-07-09 | 44,000,000 | $0.25 | 70,000,000 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2010-11-10 | 5,000,000 | $0.00 | 75,000,000 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (right to buy) | Acquisiton | 2009-08-06 | 1,000,000 | $0.00 | 1,000,000 | $0.39 |
| Common Stock | Employee Stock Option (right to buy) | Acquisiton | 2009-08-06 | 5,600,364 | $0.00 | 5,600,354 | $0.39 |
| Common Stock | Common Stock Warrants (right to buy) | Acquisiton | 2009-08-06 | 10,000,000 | $0.00 | 10,000,000 | $0.50 |
| Common Stock | Secured Convertible Promissory Note | Acquisiton | 2009-08-06 | 0 | $10,000,000.00 | 20,000,000 | $0.50 |
| Common Stock | Common Stock Warrants (right to buy) | Acquisiton | 2009-08-06 | 6,000,000 | $0.00 | 6,000,000 | $0.50 |
| Common Stock | Senior Secured Convertible Promissory Note | Acquisiton | 2011-01-12 | 0 | $19,000,000.00 | 0 | $0.00 |
| Common Stock | Common Stock Warrants (right to buy) | Acquisiton | 2011-01-12 | 20,000,000 | $0.00 | 20,000,000 | $0.50 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 1,000,000 | 2009-08-06 | 2019-08-05 | No | 4 | A | Direct |
| 6,600,364 | 2019-08-05 | No | 4 | A | Direct | |
| 16,600,364 | 2009-08-06 | 2014-08-06 | No | 4 | P | Direct |
| 36,600,364 | 2009-08-06 | 2012-12-31 | No | 4 | C | Direct |
| 42,600,364 | 2014-08-06 | No | 4 | P | Direct | |
| 126,865,364 | 2011-01-12 | 2012-02-12 | No | 4 | C | Direct |
| 146,865,364 | 2011-01-12 | 2013-01-12 | No | 4 | P | Direct |
Footnotes
- Cathaya Capital, L.P. is the direct owner of these securities.
- Priscilla M. Lu disclaims beneficial ownership of ZAP's securities reported herein except to the extent of her pecuniary interest therein.
- In consideration for this Common Stock, ZAP received the exclusive right to distribute electric vehicle recharging stations of Better World International Limited in the United States, pursuant to terms set forth in that certain Stock Purchase Agreement dated January 15, 2010.
- Better World International Limited is the direct owner of these securities.
- In consideration for this Common Stock, ZAP received management services from Cathaya Capital, L.P., pursuant to that certain Management Agreement between ZAP and Cathaya Capital L.P. dated November 10, 2010.
- This option was granted to Priscilla M. Lu on August 6, 2009 and was fully vested and immediately exercisable on the date of grant.
- This option was granted to Priscilla M. Lu on August 6, 2009 and becomes vested and exercisable in three equal installments over a three year period beginning on August 6, 2010.
- The outstanding principal amount of this secured convertible promissory note can be converted at any time after its issuance date and until three days before its maturity date for 2,000 shares of ZAP Common Stock for each $1,000 converted under the note. ZAP has the ability to make advances on the note up to an aggregate amount of $10 million, but has not made any advances as of April 28, 2011 and therefore there is no principal outstanding on the note and the note is not currently convertible into any shares of ZAP Common Stock.
- This warrant is exercisable for up to 6 million shares of ZAP Common Stock, based on the outstanding principal amount under the note referenced in footnote (10) above. As no amounts have been advanced and no principal is outstanding under this note, this warrant is not currently exercisable for any shares of ZAP Common Stock.
- This senior secured convertible promissory note in the principal amount of $19 million can be converted at any time after its issuance date and until three days before its maturity date into 4,435 shares of ZAP Common Stock for each $1,000 converted under the note, or into 0.003743% of the shares of Zhejiang Jonway Automobile Co., Ltd. owned by ZAP for each $1,000 converted under the note, at the option of the holder.
- China Electric Vehicle Corporation is the direct owner of these securities.
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