Wei Gang 4
4 · CHINA VALVES TECHNOLOGY, INC · Filed May 18, 2011
Insider Transaction Report
Form 4
Wei Gang
Chief Financial Officer
Transactions
- Award
Common Stock
2011-05-16+250,000→ 250,000 total
Footnotes (1)
- [F1]On May 16, 2011, the Reporting Person was granted 250,000 shares of common stock pursuant to a Restricted Stock Grant Agreement. The restricted stock will vest in three equal annual installments over a three-year period starting from January 1, 2012 subject to the criteria set forth therein. The first installment will vest on January 1, 2012 after the Company has changed its auditor and has made improvement in its internal control or upon approval by the Board and the Compensation Committee. The Compensation Committee will determine the criteria upon which the vesting of the second and third installments will be based.