SEC Form 4 · accession 0001209191-17-053893

Highpower International, Inc. · HPJ

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director · 10% Owner

Period of report

Sep 21, 2017

Accepted (ET)

Sep 25, 2017 · 9:06 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001368308

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Sep 21, 2017	S	1,800	$5.25	D	1,887,469	D
Common Stock^F3	Sep 22, 2017	A	20,000	$0.00	A	1,907,469	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Options (right to buy)^F5	$4.65	Sep 22, 2017	A	32,500	A	Sep 22, 2018	Sep 21, 2027	Common Stock	32,500	32,500	D

F1The sales reported herein were made pursuant to a 10b5-1 trading plan entered into by the Reporting Person and Morgan Stanley, as broker.
F2Award of shares of restricted common stock (the "Shares") pursuant to the provisions of Issuer's 2008 Omnibus Incentive Plan (the "Plan"). Such award is part of Reporting Person's compensation as a director of Issuer.
F3The Shares vest over a three year period on the anniversary date of the grant at 30%, 30% and 40%, respectively. On the first anniversary of the grant, 30% of the Shares vest, and thereafter on each subsequent anniversary date of the grant, the Shares vest in equal installments on a 1/12th basis each month per year for the applicable percentage.
F4Award of employee stock options (right to buy) ("Options") pursuant to the provisions of the Plan.
F5The Options vest over a three year period on the anniversary date of the grant at 30%, 30% and 40%, respectively. On the first anniversary of the grant, 30% of the Options vest, and thereafter on each subsequent anniversary date of the grant, the Options vest in equal installments on a 1/12th basis each month per year for the applicable percentage.