LI WEN LIANG 4
4 · Highpower International, Inc. · Filed Sep 25, 2017
Insider Transaction Report
Form 4
LI WEN LIANG
DirectorVPandChief Technology Officer10% Owner
Transactions
- Sale
Common Stock
2017-09-21$5.25/sh−1,800$9,450→ 1,887,469 total - Award
Employee Stock Options (right to buy)
2017-09-22+32,500→ 32,500 totalExercise: $4.65From: 2018-09-22Exp: 2027-09-21→ Common Stock (32,500 underlying) - Award
Common Stock
2017-09-22+20,000→ 1,907,469 total
Footnotes (5)
- [F1]The sales reported herein were made pursuant to a 10b5-1 trading plan entered into by the Reporting Person and Morgan Stanley, as broker.
- [F2]Award of shares of restricted common stock (the "Shares") pursuant to the provisions of Issuer's 2008 Omnibus Incentive Plan (the "Plan"). Such award is part of Reporting Person's compensation as a director of Issuer.
- [F3]The Shares vest over a three year period on the anniversary date of the grant at 30%, 30% and 40%, respectively. On the first anniversary of the grant, 30% of the Shares vest, and thereafter on each subsequent anniversary date of the grant, the Shares vest in equal installments on a 1/12th basis each month per year for the applicable percentage.
- [F4]Award of employee stock options (right to buy) ("Options") pursuant to the provisions of the Plan.
- [F5]The Options vest over a three year period on the anniversary date of the grant at 30%, 30% and 40%, respectively. On the first anniversary of the grant, 30% of the Options vest, and thereafter on each subsequent anniversary date of the grant, the Options vest in equal installments on a 1/12th basis each month per year for the applicable percentage.