SEC Form 4 · accession 0001209191-16-122113
CHARLES & COLVARD LTD · CTHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ollin B Sykes
Director
Period of report
May 18, 2016
Accepted (ET)
May 20, 2016 · 4:01 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 | — | — | — | 348,484 | D | ||
| Common StockF1 | holding | — | — | — | 591,099 | I | By Ollin Sykes TR FBO Sykes & Company PA 401(k) Profit Sharing Plan UA Jan 01, 1985 | |
| Common Stock | holding | — | — | — | 10,599 | I | By SEP IRA | |
| Common Stock | holding | — | — | — | 14,787 | I | By spouse | |
| Common StockF2 | holding | — | — | — | 918 | I | By Sykesco Investment Partners | |
| Common Stock | holding | — | — | — | 17,323 | I | By ROTH IRA | |
| Common Stock | holding | — | — | — | 475 | 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)F3 | $1.10 | May 18, 2016 | A | 45,454 | A | May 18, 2017 | May 18, 2026 | common stock | 45,454 | 45,454 | D |
Explanation of responses
- F1Ollin Sykes is the trustee of the Sykes & Company PA 401(k) Profit Sharing Plan UA Jan 01, 1985. The aggregate shares of the Issuer's common stock reported as held by the plan include 82,377 shares held in Mr. Sykes's personal 401(k) account under the plan. Mr. Sykes disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F2Mr. Sykes is a partner within this investment partnership and has shared voting and investment power over these shares.
- F3This option vests and becomes exercisable on the date of the 2017 Annual Shareholders' Meeting.