UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Warrants | 01/29/2008 | 01/29/2015 | Common Stock | 1,104,266 (3) | $ 7.3652 | D (1) (4) | Â |
Warrants | 01/29/2008 | 01/29/2015 | Common Stock | 310,734 (3) | $ 7.3652 | D (2) (4) | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Abax Nai Xin A Ltd. C/O ABAX GLOBAL CAPITAL (HONG KONG) LTD. SUITE 6708/F, TWO INT'L., 8 FINANCE ST. CENTRAL HONG KONG, K3 0000000000 |
 |  X |  |  |
Abax Jade Ltd. SUITE 6708/F, TWO INT'L. FINANCE CTR. 8 FINANCE STREET HONG KONG, K3 0000000000 |
 |  X |  |  |
/s/ Xiang Dong Yang, Director of Abax Nai Xin A Ltd. | 10/09/2009 | |
**Signature of Reporting Person | Date | |
/s/ Xiang Dong Yang, Director of Abax Jade. Ltd. | 10/09/2009 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Directly owned by Abax Nai Xin A Ltd. |
(2) | Directly owned by Abax Jade Ltd. |
(3) | Abax Nai Xin A Ltd. directly owns Warrants to purchase 1,104,266 shares of Common Stock. Abax Jade Ltd. directly owns Warrants to purchase 310,734 shares of Common Stock. The Warrants are exercisable, at any time, for the Issuer's common stock (the "Common Stock"). The initial exercise price for each share of Common Stock is $7.3652 subject to adjustment pursuant to the terms of the Warrant Agreement governing the Warrants but in no event less than $3.6826 per share of Common Stock (all share amounts and dollar figures being subject to proportional adjustment for stock splits, combinations and the like). The Warrants expire on January 29, 2015. |
(4) | Abax Nai Xin A Ltd. and Abax Jade Ltd. own the Warrants directly. Such Warrants may be deemed to be beneficially owned indirectly by: Abax Global Opportunities Fund (the "Fund"), which is the sole shareholder of each of Abax Nai Xin A Ltd. and Abax Jade Ltd.; Abax Arhat Fund ("Arhat") and Abax Upland Fund LLC ("Upland"), each of which owns 50% of the Fund; Abax Global Capital (the "Arhat Shareholder"), which is the sole shareholder of Arhat; Abax Claremont Ltd. (the "Upland Managing Member"), which is the managing member of Upland; and Mr. Yang, who is the controlling member of the Arhat Shareholder and the Upland Managing Member. Each of the Reporting Persons disclaims beneficial ownership except to the extent of its or his pecuniary interest therein. |
 Remarks: Remarks: Exhibit 99.1 (Joint Filer Information) is incorporated herein by reference. Abax Nai Xin A Ltd. and Abax Jade Ltd.  are parties to an investor rights agreement with certain shareholders of the Issuer, and if they are deemed to be  a "group" by virtue of such arrangement, such group may be deemed a greater than 10% owner. The Reporting Persons expressly  disclaim beneficial ownership of the securities of the Issuer that are owned by such shareholders. |