Sino Green Land Corp. 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Market Information Our common stock is quoted on the OTCQB under the symbol “SGLA.” Prior to February 22, 2011, our common stock was quoted on the OTC Bulletin Board. The following table sets forth, for the periods indicated, the high and low bid prices of our common stock. These prices reflect inter-dealer prices, without retail mark-up, mark-down or commission, and may not represent actual transactions. 2009 2010 2011 High Low High Low High Low First quarter* $ 0.30 $ 0.0 $ 0.35 $ 0.20 $ 0.27 $ 0.13 Second quarter 0.10 0.08 0.45 0.20 Third quarter 0.25 0.04 0.32 0.18 Fourth quarter 0.40 0.12 0.35 0.18 __________ * Information for the first quarter of 2011 is for the period January 1 to March 28, 2011. Holders of our Common Stock As of March 30, 2011, we had approximately 310 beneficial owners of our common stock. Dividends We have never declared or paid a cash dividend. Any future decisions regarding dividends will be made by our board of directors. We currently intend to retain and use any future earnings for the development and expansion of our business and do not anticipate paying any cash dividends in the foreseeable future. Our board of directors has discretion on whether to pay dividends. Even if our board of directors decides to pay dividends, the form, frequency and amount will depend upon our future operations and earnings, capital requirements and surplus, general financial condition, contractual restrictions and other factors that the board of directors may deem relevant. Our ability to pay dividends may also be affected by currency control and other laws and regulations of the PRC which affect the ability of our Chinese subsidiaries to make payments to the United States parent company. 26 Equity Compensation Plan Information The following table summarizes the equity compensation plans under which our securities may be issued as of December 31, 2010. Plan Category Number of securities to be issued upon exercise of outstanding options and warrants Weighted-average exercise price of outstanding options and warrants Number of securities remaining available for future issuance under equity compensation plans Equity compensation plans approved by security holders 0 $ 0 0 Equity compensation plan not approved by security holders 0 0 1,912,500 We do not have any equity compensation plans that were approved by our shareholders. We authorized the issuance of 8,195,000 shares of common stock to our officers, directors and employees, of which we issued or accrued the issuance of 6,282,500 shares during 2010 and 1,912,500 shares are issuable during 2011, as follows. Pursuant to an agreement with an independent director, we agreed to pay the director 12,500 shares of common stock every fiscal quarter. As of December 31, 2010, we had issued 37,500 shares and had accrued the value of 12,500 shares, reflecting the shares that were due to such director, but had not been issued, as of December 31, 2010. On June 21, 2010, we authorized the issuance of an aggregate of 7,195,000 shares of its common stock to officers, employees and advisors for services. Of the shares that were issued, the rights to 5,945,000 shares had vested as of December 31, 2010. The 5,000,000 shares issuable to three senior executives were issuable in four quarterly installments provided, that in the event of the death of a senior executive or certain other terminations of employment, the unvested shares are immediately issuable. As of December 31, 2010, 5,945,000 shares were issuable, of which 4,470,000 shares had been issued. On July 1, 2010, in connection with the election of two directors, pursuant to the director agreements, we are to issue 25,000 shares of common stock to each of these directors for each three month period of their directorship. As of December 31, 2010, we had issued 50,000 shares and had accrued the value of 50,000 shares issuable through December 31, 2010. On November 5, 2010, we entered into an employment agreement with the chief financial officer. Pursuant to the agreement, the chief financial officer shall receive 500,000 shares of common stock, which vest in quarterly installments of 125,000 shares on each of October 15, 2010, January 15, 2011, April 15, 2011, and July 15, 2011, provided that the chief financial officer is employed by the company on those dates, except that, in certain cases, including her death or termination of her employment without cause, the unvested shares vest immediately. As of December 31, 2010, we had issued 125,000 shares to the chief financial officer. On November 18, 2010, we entered into an employment agreement with our corporate secretary, pursuant to which we agreed to issue to him 250,000 shares of common stock, which vest in quarterly installments of 62,500 shares on each of December 1, 2010, February 1, 2011, May 1, 2011, and August 1, 2011, provided that he is employed by us on those dates, except that, in certain cases, including his death or termination of his employment without cause, the unvested shares vest immediately. As of December 31, 2010, we had issued 62,500 shares to him. Item 6. Selected Financial Data Not required for smaller reporting companies.