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
  1. 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.