Sec Form 3 Filing - GROSSMAN JONAS @ CHINA BROADBAND INC - 2008-01-11

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
GROSSMAN JONAS
2. Issuer Name and Ticker or Trading Symbol
CHINA BROADBAND INC [ CBBD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
17 STREET, SUITE 1600
3. Date of Earliest Transaction (MM/DD/YY)
01/11/2008
(Street)
NEW YORK, NY10004
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Convertible Notes $ 0.75 01/11/2008 01/11/2013 common stock 36,375 ( 2 ) I See Footnote ( 1 )
Warrants $ 0.5 01/11/2008 07/1 1/2013 common stock 254,625 ( 3 ) I See Footnote ( 1 )
Class A Warrants $ 0.6 01/11/2008 06/11/2012 common stock 36,375 ( 4 ) I See Footnote ( 1 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GROSSMAN JONAS
17 STREET
SUITE 1600
NEW YORK, NY10004
X
Signatures
/S/ Jonas Grossman 01/25/2008
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Indicates derivative securities owned by Chardan Capital Markets, LLC of which the Reporting Person is an officer and part owner ("Chardan Capital") which are distributable to the Reporting Person. The Reporting Person has shared voting and dispositive control over securities owned by Chardan Capital but not over securities owned by other principals of Chardan Capital.
( 2 )Chardan Capital or its principals own in aggregate $121,250 principal amount of convertible promissory notes, convertible into an aggregate of 161,667 shares, of which, the Reporting Person disclaims beneficial ownership of $93,969 of principal amount of note and 125,292 shares issuable upon all conversion thereof.
( 3 )Chardan Capital or its principals own in aggregate 1,131,666 shares of Warrants, of which, the Reporting Person disclaims beneficial ownership of 877,041 shares issuable upon conversions thereof.
( 4 )Chardan Capital or its principals own in aggregate 161,667 shares of Class A Warrants, of which , the Reporting Person disclaims beneficial ownership of 125,292 shares issuable upon conversion thereof.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).

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