ZHANG LIANSHENG 4
4 · CHINA EDUCATION ALLIANCE INC. · Filed Jun 19, 2009
Insider Transaction Report
Form 4
ZHANG LIANSHENG
Director
Transactions
- Award
Option
2009-06-18+10,000→ 10,000 totalExercise: $2.90From: 2009-06-18Exp: 2012-06-17→ Common Stock (10,000 underlying)
Footnotes (1)
- [F1]This option was issued pursuant to China Education Alliance, Inc.'s 2009 Incentive Stock Plan and an Incentive Stock Option Agreement dated as of June 18, 2009. The option shall become exercisable during the term of the Reporting Person's employment in three (3) equal annual installments of 3,333 shares of common stock each (save for the last installment of 3,334 shares), the first installment to be exercisable on the date of this option (the "Initial Vesting Date"), with additional installments becoming exercisable on each of the first and second anniversaries following the Initial Vesting Date.