4//SEC Filing
Pan Zibing 4
Accession 0001469024-11-000001
CIK 0001203900other
Filed
Jan 17, 7:00 PM ET
Accepted
Jan 18, 5:59 PM ET
Size
9.4 KB
Accession
0001469024-11-000001
Insider Transaction Report
Form 4
Pan Zibing
Chief Financial Officer
Transactions
- Award
Option to Purchase Common Stock
2009-09-24+30,000→ 30,000 totalExercise: $5.59From: 2009-09-24Exp: 2012-09-23→ Common stock (30,000 underlying) - Award
Option to Purchase Common Stock
2011-01-18+30,000→ 60,000 totalExercise: $2.26From: 2011-01-18Exp: 2014-01-17→ Common stock (30,000 underlying)
Footnotes (2)
- [F1]Effective August 20, 2009, Zibing Pan (the "Reporting Person") was appointed Chief Financial Officer of China Education Alliance, Inc. (the "Company"). Pursuant to an Incentive Stock Option Agreement between the Reporting Person and the Company, on September 24, 2009, the Reporting Person was granted an option (the "2009 Option") to purchase 30,000 shares of common stock of Company at an exercise price equivalent to the closing price per share of common stock on the date of the grant, which option shall vest in one-third installments over three years, the first installment to be exercisable on the date of the 2009 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 Company's 2009 Incentive Stock Option Plan and an Incentive Stock Option Agreement dated as of January 18, 2011, the Reporting Person was granted an option (the "2011 Option") to purchase 30,000 shares of common stock of the Company at an exercise price of $2.26 per share. The 2011 Option shall vest during the term of the Reporting Person's employment with the Company in three equal annual installments of 10,000 shares each, the first installment to be exercisable on the date of the 2011 Option (the "Initial Vesting Date"), with the remaining installments becoming exercisable on each of the successive periods following the Initial Vesting Date. The 2011 Option shall expire three years from the Initial Vesting Date.
Documents
Issuer
CHINA EDUCATION ALLIANCE INC.
CIK 0001203900
Entity typeother
Related Parties
1- filerCIK 0001469024
Filing Metadata
- Form type
- 4
- Filed
- Jan 17, 7:00 PM ET
- Accepted
- Jan 18, 5:59 PM ET
- Size
- 9.4 KB