O'CONNELL DON 4
4 · CHARLES & COLVARD LTD · Filed Sep 7, 2022
Insider Transaction Report
Form 4
O'CONNELL DON
DirectorPresident & CEO
Transactions
- Disposition to Issuer
Common Stock
2022-09-05−24,375→ 451,114 total - Exercise/Conversion
Common Stock
2022-09-05+39,375→ 490,489 total - Disposition to Issuer
Common Stock
2022-09-05$1.35/sh−39,375$53,156→ 451,114 total - Exercise/Conversion
Phantom Stock
2022-09-05−39,375→ 0 totalFrom: 2022-09-05Exp: 2022-09-05→ Common Stock (39,375 underlying)
Footnotes (2)
- [F1]Represents cancellation of 24,375 shares of performance-based restricted stock originally granted on September 15, 2021. These shares were cancelled because certain performance goals associated with the grant were not achieved at the target level.
- [F2]Each share of phantom stock was settled in cash for $1.35 (the closing price of one share of common stock on 07/31/2022, the vesting date of the phantom stock pursuant to Charles & Colvard, Ltd's Fiscal 2022 Senior Management Equity Incentive Program (the "Plan")). An additional 13,125 shares of phantom stock were forfeited pursuant to the Plan because certain performance goals associated with the grant were not achieved at the target level.