SEC Form 4 · accession 0001144204-18-005158
CHARLES & COLVARD LTD · CTHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Don O'Connell
Officer — COO
Period of report
Jan 30, 2018
Accepted (ET)
Feb 1, 2018 · 4:09 pm EST
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 StockF1 | Jan 30, 2018 | D | 29,018 | $0.00 | D | 106,096 | D | |
| Common StockF2 | Jan 30, 2018 | A | 26,250 | $0.00 | A | 132,346 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents cancellation of 29,018 shares of performance-based restricted stock originally granted on February 23, 2017. This equity award was modified on January 30, 2018 to reflect 75% achievement of 2017 shared performance goals, resulting in a portion of these shares being cancelled. In addition, a portion of these shares was forfeited in connection with the restructuring of the award from 100% restricted stock to 70% restricted stock and 30% cash.
- F2Performance-based restricted stock will vest, subject to achievement of performance goals, on July 31, 2018.
Remarks
Exhibit 24.1 - Power of Attorney