Sec Form 4 Filing - CHEN WANG @ Shengkai Innovations, Inc. - 2012-03-02

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
CHEN WANG
2. Issuer Name and Ticker or Trading Symbol
Shengkai Innovations, Inc. [ VALV]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
NO.106 ZHONGHUAN SOUTH ROAD, AIRPORT INDUSTRIAL PARK
3. Date of Earliest Transaction (MM/DD/YY)
03/02/2012
(Street)
TIANJIN, F4300308
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
Common Stock ( 1 ) 03/02/2012 S 255,000 D $ 0.8141 17,145,000 I Through Long Sunny Limited ( 3 )
Common Stock ( 1 ) 03/02/2012 S 255,000 D $ 0.8141 76,777 D
Common Stock ( 2 ) 03/05/2012 S 119,800 D $ 0.7501 17,025,200 I Through Long Sunny Limited ( 3 )
Common Stock ( 2 ) 03/05/2012 S 119,800 D $ 0.7501 76,777 D
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CHEN WANG
NO.106 ZHONGHUAN SOUTH ROAD
AIRPORT INDUSTRIAL PARK
TIANJIN, F4300308
X X Chief Executive Officer
Signatures
/s/Wang Chen 03/06/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On March 2, 2012, Long Sunny Limited sold 255,000 shares of common stock of Shengkai Innovations, Inc. (the "Company") at a price of $0.8141 per share on the open market.
( 2 )On March 5, 2012, Long Sunny Limited sold 119,800 shares of common stock of the Company at a price of $0.7501 per share on the open market.
( 3 )The Reporting Person is the sole shareholder of Long Sunny Limited, a majority shareholder of the Company. The Reporting Person's beneficial ownership is based upon his 100% interest in Long Sunny Limited.

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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