CHEN LILY LEE 4
4 · FUQI INTERNATIONAL, INC. · Filed Jun 3, 2009
Insider Transaction Report
Form 4
CHEN LILY LEE
Director
Transactions
- Award
Restricted Stock
2009-06-01+10,438→ 10,438 totalExercise: $0.00→ Common Stock (10,438 underlying)
Footnotes (2)
- [F1]The grant of the Restricted Stock was approved by the Compensation Committee of Fuqi International, Inc. ("Fuqi") on April 29, 2009, subject to shareholder approval of the Fuqi International, Inc. 2009 Omnibus Incentive Plan ("Incentive Plan") under which the Restricted Stock was granted. Fuqi's stockholders approved the Incentive Plan on June 1, 2009 at Fuqi's 2009 Annual Meeting of Stockholders ("Annual Meeting").
- [F2]Vesting of the Restricted Stock is as follows: 25% vests upon date of grant, 25% vests on June 30, 2009, 25% vests on September 30, 2009, and remaining 25% vests on December 31, 2009; provided that, however, the restricted stock is subject to Fuqi's filing of its registration statement on Form S-8 with the Securities and Exchange Commission, which will occur as soon as practicable hereinafter.