|
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 |
|
| |||||||||||||||||||||||||||||
|
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) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Kudabayev Yermek 170 TCHAIKOVSKY STREET 4TH FLOOR ALMATY, 1P 050000 |
Chief Financial Officer |
/s/ Yermek Kudabayev | 04/13/2007 | |
**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) | As disclosed on Form 3 filed by Mr. Kudabayev on April 2, 2007, on October 20, 2006, the board of directors of Bekem Metals, Inc., awarded a restricted stock grants in the amount of 383,429 to Mr. Kudabayev. The award to Mr. Kudabayev is contingent upon his performance in his role as Chief Financial Officer of the Company and vests over three years from his date of hire. On April 7, 2007, 95,857 shares of the restricted stock grant vested to Mr. Kudabayev. Mr. Kudabayev has the right to vote, receive dividends and enjoys all other rights of ownership over the entire 383,429 shares included in the restricted stock grant. He does not, however, have the right to dispose of, encumber or otherwise directly or indirectly profit or share in any profit derived from a transaction in the 287,572 shares that have not yet vested, nor will he have the right to do so until he has satisfied the applicable vesting requirements associated with those shares. (continued below) |
Remarks: The 287,572 shares will only vest to Mr. Kudabayev if he is employed by the Company on the applicable vesting dates. Any unvested shares at the time his employment with the Company ceases, for any reason, shall be forfeited back to the Company. |