|
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 | ||||||||
Stock Option | $ 2.5 | 11/18/2014 | A | 30,000 | 11/18/2017 | 11/17/2022 | Common Stock | 30,000 | $ 0 (2) | 159,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Zhao Ming 1ST FLOOR, YUZHENG PLAZA, NO. 76 YUHUANGSHAN ROAD HANGZHOU, F4 310002 |
Chief Financial Officer |
/s/ Ming Zhao | 11/25/2014 | |
**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) | Represents 60,000 shares of common stock granted to the Reporting Person, vest on February 18, 2015. |
(2) | The grant was made under the Company's 2010 Equity Incentive Plan to motivate the grantee to continue to contribute the efforts to the Company. |
Remarks: The number of securities reported under Item 5 of Table I and Item 9 of Table II includes (i) 60,000 shares granted as a restricted award under the Company's 2010 Equity Incentive Plan that, pursuant to the Restricted Stock Award Agreement between the Reporting Person and the Company dated as of November 18, 2014, will vest on February 18, 2015; (ii) 60,000 shares granted as a restricted award under the Company's 2010 Equity Incentive Plan that, pursuant to the Restricted Stock Award Agreement between the Reporting Person and the Company dated as of December 31, 2013, vested immediately; (iii) 6,000 shares granted to the Reporting Person for his executive assistance prior to becoming CFO in August 2011; (iv) 8,000 shares granted as a restricted stock award under the Company's 2010 Equity Incentive Plan that, pursuant to the Restricted Stock Award Agreement between the Reporting Person and the Company dated as of January 16, 2012, will vest on January 16, 2015; and (v) 40,000 shares granted as a restricted stock award under the Company's 2010 Equity Incentive Plan that were to vest in eight quarterly installments over two years pursuant to the Restricted Stock Award Agreement between the Reporting Person and the Company dated as of August 1, 2011 (the "2011 Award"). However, on November 1, 2012, Mr. Zhao agreed to forfeit the unvested shares under the 2011 Award, receiving a total of 25,000 shares under the 2011 Award. Does not include the option to purchase 30,000 share of the Common Stock that does not vest until November 18, 2017. |