Li Paul Yu Chiu 4
4 · China Energy CORP · Filed Mar 21, 2012
Insider Transaction Report
Form 4
China Energy CORPOTCBB:CHGY
Li Paul Yu Chiu
Director
Transactions
- Award
Stock Option (right to buy)
2011-09-05+20,000→ 40,000 totalExercise: $0.39Exp: 2021-09-04→ Common Stock, par value $0.001 per share (20,000 underlying) - Award
Stock Option (right to buy)
2010-05-31+20,000→ 20,000 totalExercise: $2.02Exp: 2020-05-30→ Common Stock, par value $0.001 per share (20,000 underlying)
Footnotes (2)
- [F1]The Reporting Person received an option granted by the Issuer in consideration for his services to the board of directors of the Issuer pursuant to an independent director agreement dated May 31, 2011. The term of the agreement is from May 31, 2010 to May 30, 2011. The option vests in equal, quarterly installments over the term of the agreement, commencing August 31, 2010, so long as the Reporting Person is serving as a member of the board of directors of the Issuer at each such time.
- [F2]The Reporting Person received an option granted by the Issuer in consideration for his services to the board of directors of the Issuer pursuant to an independent director agreement dated September 5, 2011. The term of the agreement is from June 1, 2011 to May 31, 2012. The option vests in equal, quarterly installments over the term of the agreement, commencing August 31, 2011, so long as the Reporting Person is serving as a member of the board of directors of the Issuer at each such time.