4//SEC Filing
Levinson Joseph 4
Accession 0001165527-09-000113
CIK 0001076784other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 11:54 AM ET
Size
9.6 KB
Accession
0001165527-09-000113
Insider Transaction Report
Form 4
China 3C GroupCHCG.OB
Levinson Joseph
Director
Transactions
- Award
Common Stock
2007-09-11+5,000→ 5,000 total - Award
Common Stock
2008-02-08+5,000→ 10,000 total - Award
Common Stock
2009-01-07+125,000→ 135,000 total
Footnotes (2)
- [F1]China 3C Group (the Company") appointed Mr. Levinson to serve as a member of our Board of Directors on May 7, 2007, and as a compensation for his services Mr. Levinson was entitled to receive a monthly grant of 1,000 shares of the Company's Common Stock.
- [F2]In addition, Mr. Levinson was entitled to receive under the China 3C Group 2005 Equity Incentive Plan (i) an initial annual grant of a stock option to purchase 300,000 shares of the Company's common stock, with an exercise price of $6.15 per share (the "2007 Stock Option"); and (ii) a subsequent annual grant of a stock option to purchase an additional 300,000 shares of the Company's common stock, with an exercise price of $1.82 (the "2008 Stock Option"). It was later determined that due to the expiration of the China 3C Group 2005 Equity Incentive Plan on December 31, 2006, the 2007 Stock Option and the 2008 Stock Option were not validly granted. Pursuant to the terms of the Compensation Agreement dated as of November 27, 2008 between Mr. Levinson and us, Mr. Levinson acknowledged that the 2007 Stock Option and the 2008 Stock Option were not and will not be granted and in consideration for his services as a Director accepted the issuance of 125,000 shares of our Common Stock.
Documents
Issuer
China 3C Group
CIK 0001076784
Entity typeother
Related Parties
1- filerCIK 0001377558
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 11:54 AM ET
- Size
- 9.6 KB