PLOWMAN BOYD R 4
4 · Harbin Electric, Inc · Filed Nov 3, 2011
Insider Transaction Report
Form 4
PLOWMAN BOYD R
Director
Transactions
- Disposition to Issuer
Non-Statutory Stock Option (right to buy)
2011-11-01$3.98/sh−30,000$119,400→ 0 totalExercise: $20.02Exp: 2014-12-01→ Common Stock, par value $0.00001 (30,000 underlying) - Award
Non-Statutory Stock Option (right to buy)
2009-12-01+30,000→ 30,000 totalExercise: $20.02Exp: 2014-12-01→ Common Stock, par value $0.00001 (30,000 underlying)
Footnotes (2)
- [F1]The shares subject to this option vested 50% (15,000 shares) on the date of grant, with the balance vesting in 12 quarterly installments of 1,250 shares each (the first such installment vesting on the last day of the first quarter of calendar year 2010).
- [F2]The shares subject to this option vested 50% (15,000 shares) on the date of grant, with the balance vesting in 12 quarterly installments of 1,250 shares each (the first such installment vesting on the last day of the first quarter of calendar year 2010). The shares subject to this option, including to the extent unvested, were disposed of pursuant to the Agreement and Plan of Merger among Tech Full Electric Company Limited, Tech Full Electric Acquisition, Inc., and Harbin Electric, Inc., dated as of June 19, 2011, as amended on October 7, 2011.