4//SEC Filing
Haus William P 4
Accession 0001204459-09-001682
CIK 0001080360other
Filed
Sep 16, 8:00 PM ET
Accepted
Sep 17, 3:58 PM ET
Size
8.3 KB
Accession
0001204459-09-001682
Insider Transaction Report
Form 4
Haus William P
Director
Transactions
- Award
Stock Option (right to buy)
2009-06-29+27,500→ 27,500 totalExercise: $6.00Exp: 2014-06-28→ Common Stock (27,500 underlying) - Award
Common Stock
2009-06-29+5,000→ 5,000 total
Footnotes (2)
- [F1]On June 29, 2009, the Reporting Person was granted 5,000 shares of common stock pursuant to a Stock Grant Agreement. The stock vests on January 1, 2011.
- [F2]On June 29, 2009, the Reporting Person was granted an option to purchase 27,500 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. The Option will vest in three equal installments if the Company achieves the financial "make good" targets for each of the fiscal years 2008, 2009 and 2010 specified in that certain Make Good Escrow Agreement, dated August 26, 2008, as amended, among the parties thereto, as reported in the Company's audited financials for such years. The vesting date for the first installment shall be the Date of Grant and the vesting dates for the second and third installments shall be the dates the Company files its Annual Reports on Form 10K for fiscal year 2009 and 2010, respectively, in each case subject to the condition that the audited financials in such Annual Report reflect that the "make good" target for that fiscal year has been achieved.
Issuer
CHINA VALVES TECHNOLOGY, INC
CIK 0001080360
Entity typeother
Related Parties
1- filerCIK 0001441237
Filing Metadata
- Form type
- 4
- Filed
- Sep 16, 8:00 PM ET
- Accepted
- Sep 17, 3:58 PM ET
- Size
- 8.3 KB