Bruce Robert C 4
4 · LIHUA INTERNATIONAL INC. · Filed Dec 30, 2010
Insider Transaction Report
Form 4
Bruce Robert C
Director
Transactions
- Other
Option to purchase Common Stock, par value $0.0001 per share
2010-12-27$8.88/sh−10,000$88,750→ 10,000 totalExercise: $2.20Exp: 2019-04-13→ Common Stock (10,000 underlying)
Footnotes (1)
- [F1]Mr. Bruce was granted an option to purchase 20,000 shares of Common Stock on April 14, 2009 pursuant to the Registrant's 2009 Omnibus Securities & Incentive Plan. The option vested quarterly over a one year period and is now fully exercisable. In consideration of the cancellation of 10,000 shares subject to the option, on December 27, 2010, the Company paid Mr. Bruce an aggregate of $88,750. The $8.875 per share purchase price was determined by the $11.075 closing price of a share on December 21, 2010 minus the $2.20 exercise price. After the cancellation, an option to purchase 10,000 shares remains.