4//SEC Filing
Zhang Yizhao 4
Accession 0001144204-09-053383
CIK 0001336644other
Filed
Oct 15, 8:00 PM ET
Accepted
Oct 16, 5:23 PM ET
Size
8.4 KB
Accession
0001144204-09-053383
Insider Transaction Report
Form 4
Zhang Yizhao
Chief Financial Officer
Transactions
- Award
Common stock
2009-10-15$4.56/sh+23,334$106,403→ 23,334 total - Disposition to Issuer
Option to purchase common stock
2009-10-15−33,334→ 105,000 totalExercise: $4.56From: 2009-09-01Exp: 2018-07-01→ Common Stock (33,334 underlying)
Footnotes (2)
- [F1]On October 15, 2009, Yizhao Zhang (the "Reporting Person") cashlessly exercised his options to purchase 33,334 post reverse split shares granted to him as compensation for being a director of Universal Travel Group (the "Company"). Following the exercise, Reporting Person continues to hold an option to purchase 105,000 shares of common stock granted to him as chief financial officer at an exercise price of $8.82, which option shall vest in one-third installments over three years.
- [F2]The number of shares issued pursuant to the cashless exercise of the aforementioned 33,334 options is based on the following formula: X = Y [(A-B)/A] where: X = the number of shares the Optionee is to receive as the result of cashless option exercise. Y = the number of optioned shares. A = the arithmetic average of the closing prices for the five trading days immediately prior to (but not including) the exercise date. B = the exercise price
Documents
Issuer
UNIVERSAL TRAVEL GROUP
CIK 0001336644
Entity typeother
Related Parties
1- filerCIK 0001400771
Filing Metadata
- Form type
- 4
- Filed
- Oct 15, 8:00 PM ET
- Accepted
- Oct 16, 5:23 PM ET
- Size
- 8.4 KB