SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Leung James

(Last)

(First)

(Middle)

C/O TIGER ETHANOL INTERNATIONAL INC.

6600 TRANS-CANADA HIGHWAY, SUITE 519

(Street)

POINTE-CLAIRE

H9R 4S2

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Tiger Ethanol International Inc. [ TGEI.OB ]

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

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/15/2007		C		60,000	A	$0.05	60,000	D
Common Stock								5,450,000	I	Through two corporations

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option	$0.05	03/15/2007		C			60,000	12/31/2006	09/30/2011	Common Stock	60,000	⁽¹⁾	10,000	D

Explanation of Responses:

1. See below.

Remarks:

Gallant Energy International Inc. ("Gallant") owns 5,000,000 shares of the common stock of Tiger Ethanol International Inc. (the "Company"). Mr. James Leung is the President and Chief Executive Officer of Gallant, and is the sole person who exercises voting and investment control over the shares held by Gallant. Mr. Leung may be deemed to be the beneficial owner of the securities of the Company owned by Gallant. 450,000 shares of the Company's common stock are held by Sun Rich International Limited, a corporation owned by Mr. Leung and his wife. Such shares may be deemed to be beneficially owned by Mr. Leung. On October 5, 2006, Mr. Leung was granted options to purchase 60,000 shares of the common stock of the Comapny at an exercise price of $.05 per share. On November 6, 2006, Mr. Leung was granted options to purchase 10,000 shares of the common stock of the Company at an exercise price of $2.00 per share. 5,000 of these options vested immeditately, and 5,000 will vest at two years from the date of the grant. On March 5, 2007, Mr. Leung sent to the Company a Notice of Exercise of Option to buy 60,000 shares of the common stock of the Company at an exercise price of $0.05 per share. The stock certificate representing the 60,000 shares underlying the option was issued on March 15, 2007.

	/s/ James Leung	03/20/2007
	** Signature of Reporting Person	Date
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).
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