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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
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 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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option | $ 14.7 | 12/31/2010 | A | 25,000 (3) (4) | (3)(4) | 01/03/2015 | Common Stock | 25,000 | $ 0 | 50,000 (3) (4) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Li Tao 3RD FL, BOROUGH A, BLOCK A. NO. 181, SOUTH TAIBAI ROAD, XI'AN, SHAANXI PROVINCE, F4 710065 |
X | X | Chief Executive Officer |
/s/ Tao Li | 02/01/2011 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | On January 3, 2010, the reporting person was granted an aggregate of 75,000 shares of restricted stock pursuant to the Issuer's 2009 Equity Incentive Plan, with (i) 25,000 of the shares vesting on February 2, 2010 (the "First Restricted Traunch"), (ii) 25,000 of the shares vesting on December 31, 2010 if the Issuer achieves certain financial performance targets for the fiscal year ended June 30, 2010 (the "Second Restricted Traunch"), and (ii) 25,000 of the shares vesting on December 31, 2011 if the Issuer achieves certain financial performance targets for the fiscal year ended June 30, 2011 (the "Third Restricted Traunch"). |
(2) | The grant of the First Restricted Traunch was reported on a Form 4 filed on January 11, 2010 because it was not subject to any performance-based vesting criteria. The performance-based vesting criteria for the Second Restricted Traunch was achieved by the Issuer and the Second Restricted Traunch vested on December 31, 2010 as reported on this Form 4. If the performance-based vesting criteria for the Third Restricted Traunch are met as of December 31, 2011, such vesting will be disclosed on a separate Form 4 and only then will be included in Table I. |
(3) | On January 3, 2010, the reporting person was granted options to purchase an aggregate of 75,000 shares of common stock pursuant to the Issuer's 2009 Equity Incentive Plan, with (i) 25,000 of the options vesting on February 2, 2010 (the "First Options Traunch"), (ii) 25,000 of the options vesting on December 31, 2010 if the Issuer achieves certain financial performance targets for the fiscal year ended June 30, 2010 (the "Second Options Traunch"), and (ii) 25,000 of the options vesting on December 31, 2011 if the Issuer achieves certain financial performance targets for the fiscal year ended June 30, 2011 (the "Third Options Traunch"). |
(4) | The grant of the First Options Traunch was reported on a Form 4 filed on January 11, 2010 because it was not subject to any performance-based vesting criteria. The performance-based vesting criteria for the Second Options Traunch was achieved by the Issuer and the Second Options Traunch vested on December 31, 2010 as reported on this Form 4. If the performance-based vesting criteria for the Third Options Traunch are met as of December 31, 2011, such vesting will be disclosed on a separate Form 4 and only then will be included in Table II. |