SEC Form 4 · accession 0001144204-17-029402
CHARLES & COLVARD LTD · CTHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clint J. Pete
Officer — CFO
Period of report
May 23, 2017
Accepted (ET)
May 24, 2017 · 6:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001015155
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 75,000 | D | ||
| Common Stock | holding | — | — | — | 5,500 | I | By IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $0.88 | May 23, 2017 | A | 100,000 | A | Nov 23, 2017 | May 23, 2027 | Common stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Option vests and becomes exercisable over a three-year period in accordance with the following vesting schedule: 25% of the option vests six months after the date of grant and an additional 25% vests on each of the following three anniversaries of the date of grant.