Sherman H. David 4
4 · CHINA HGS REAL ESTATE INC. · Filed Apr 4, 2011
Insider Transaction Report
Form 4
Sherman H. David
Director
Transactions
- Award
Stock Option
2011-03-16+12,000→ 24,000 totalExercise: $2.37Exp: 2016-03-16→ Common (12,000 underlying)
Footnotes (1)
- [F1]This Option will become exercisable ("vest") as to 20% of the original number of Shares on the Grant Date and 10% of the Shares at the end of every quarter thereafter. In addition, this Option shall vest if the Optionee dies or becomes disabled. The right of exercise shall be cumulative so that to the extent the Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this Option.