UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: July 11, 2008
China Housing & Land Development Inc.
(Exact name of registrant as specified in its charter)
Nevada 000-51429 20-1334845
(State or Other (Commission File (IRS Employer
Jurisdiction of Number) Identification No.)
Incorporation)
6 Youyi Dong Lu, Han Yuan 4 Lou
Xi'An, Shaanxi Province, China
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
710054
(Zip Code)
86-029-82582632
(Registrant's telephone number, including area code)
N/A
(Former Name or Former Address if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02 Departure of Directors or Certain officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On July 2, 2008 (the "Grant Date"), the Board of Directors (the "Board") of
China Housing & Land Development Inc. (the "Company"), upon recommendation of
the Compensation Committee of the Board ("Compensation Committee"), approved
grants of restricted stock awards to certain officers and employees of the
Company under the Company's Detailed Implementation Rule for Restrictive Stock
Incentive Plan of 2007-2008 (the "Incentive Plan").
The Company has met its performance goals for the fiscal year ending December
31, 2007, and the number of Bonus Shares awarded to each of the officers and
employees is set forth below:
Name Bonus Shares of the Common Stock
Title Mortgaged for Make-Good Provision Bonus Shares of the Common Total Number of Bonus Shares
Payment of the Stock Purchase Stock for Performance
Agreement
Pingji Lu 351,435 60,000 411,435
Chairman & Chief Executive Officer
Xiaohong Feng 61,162 45,857 107,019
Chief Operation Officer
Genxiang Xiao 47,758 39,643 87,401
Chief Administration Officer
Jing Lu 49,645 28,571 78,216
VP & Board Secretary
Lei Feng 0 27,429 27,429
Assistant CFO
Yulong Wan 0 18,500 18,500
Former CFO
Fang Nie 0 15,000 15,000
Finance Supervisor
Yun Yang 0 5,000 5,000
Finance Supervisor
All of the restricted shares of common stock described above were valued at
$2,992,500, the closing price of our common stock on the NASDAQ on July 2, 2008.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
N/A
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: July 15, 2008
CHINA HOUSING & LAND DEVELOPMENT, INC.
By: /s/ Pingji Lu
---------------
Name: Pingji Lu
Title: Chairman & Chief Executive Officer