Shih Ichi 4
4 · CHINA VALVES TECHNOLOGY, INC · Filed Sep 17, 2009
Insider Transaction Report
Form 4
Shih Ichi
Chief Financial Officer
Transactions
- Award
Stock Option (right to buy)
2009-06-30+50,000→ 50,000 totalExercise: $6.00Exp: 2012-06-30→ Common Stock (50,000 underlying)
Footnotes (1)
- [F1]On June 30, 2009, the Reporting Person was granted 50,000 shares of common stock pursuant to a Stock Option Agreement and adjusted for a 1 for 2 reverse split that took effect on August 13, 2009. 33.336% of the Option will vest on July 1, 2010. The remaining options will vest in eight equal quarterly installments over a two-year period in every quarter after July 1, 2010.