SEC Form 4 · accession 0001209191-17-054460
Highpower International, Inc. · HPJ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leo Liao
Officer — CTO
Period of report
Sep 22, 2017
Accepted (ET)
Sep 29, 2017 · 9:00 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)F2 | $4.65 | Sep 22, 2017 | A | 65,000 | A | Sep 22, 2018 | Sep 21, 2027 | Common Stock | 65,000 | 65,000 | D |
Explanation of responses
- F1Employee stock options (right to buy)("Options") granted pursuant to Issuer's 2008 Omnibus Incentive Plan.
- F2The 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.