YU XIQUN 4
4 · CHINA EDUCATION ALLIANCE INC. · Filed Jun 19, 2009
Insider Transaction Report
Form 4
YU XIQUN
DirectorChief Executive Officer10% Owner
Transactions
- Award
Option
2009-06-18+300,000→ 300,000 totalExercise: $3.19From: 2009-06-18Exp: 2012-06-17→ Common Stock (300,000 underlying)
Footnotes (2)
- [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 100,000 shares of common stock each, 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.
- [F2]Pursuant to the Incentive Stock Option Agreement described above, the Reporting Person was issued options to purchase, in the aggregate, up to 300,000 shares of common stock. This figure does not include 12,683,335 shares of common stock owned directly by the Reporting Person.