SEC Form 4 · accession 0001209191-15-056910
Highpower International, Inc. · HPJ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Henry Sun
Officer — CFO
Period of report
Jun 24, 2015
Accepted (ET)
Jun 26, 2015 · 6:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001368308
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (right to buy)F1,F2 | $4.12 | Jun 24, 2015 | A | 60,000 | A | Jun 24, 2015 | Jun 24, 2025 | Common Stock | 60,000 | 60,000 | D |
| Employee Stock Options (right to buy)F1,F3 | $4.12 | Jun 24, 2015 | A | 40,000 | A | Jan 1, 2016 | Jun 24, 2025 | Common Stock | 40,000 | 40,000 | D |
| Employee Stock Options (right to buy) | $3.55 | holding | — | — | — | Nov 1, 2011 | Jan 21, 2021 | Common Stock | 250,000 | 250,000 | D |
| 40000 | $2.63 | holding | — | — | — | Nov 14, 2014 | Nov 14, 2023 | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1Employee stock options (right to buy) ("Options") granted pursuant to Issuer's 2008 Omnibus Incentive Plan.
- F2Of such Options, 30,000 vest and are exercisable on the date of grant. The balance of 30,000 Options vest and are exercisable on the date of Issuer's board of directors meeting in the first quarter of 2016 or on March 31, 2016, whichever comes first.
- F3Subject to certain performance criteria, the Options vest in two tranches as follows: 20,000 Options vest on January 1, 2016, and the remaining 20,000 Options vest on December 1, 2016.