SEC Form 4 · accession 0001209191-17-054021
Highpower International, Inc. · HPJ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ping Li
Director
Period of report
Sep 22, 2017
Accepted (ET)
Sep 26, 2017 · 5:22 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 StockF2 | Sep 22, 2017 | A | 15,000 | $0.00 | A | 25,500 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Award 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.
- F2The 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.