Lividini Jaqui 4
4 · CHARLES & COLVARD LTD · Filed May 17, 2018
Insider Transaction Report
Form 4
Lividini Jaqui
Director
Transactions
- Award
Stock Option (right to buy)
2018-05-16+20,325→ 20,325 totalExercise: $1.23From: 2018-11-08Exp: 2028-05-16→ Common stock (20,325 underlying)
Footnotes (1)
- [F1]As a result of the issuer's change in fiscal year end and the related shift in the 2018 Annual Shareholders' Meeting from May to November (the "Corporate Changes"), this option represents 50% of the annual option award prescribed by the issuer's board compensation program and vests and becomes exercisable on the date of the 2018 Annual Shareholders' Meeting. Also in connection with the Corporate Changes, the issuer's Board of Directors revised the vesting date of the prior option granted to the reporting person in May 2017 to be as of May 17, 2018 instead of the date of the 2018 Annual Shareholders' Meeting.