SEC Form 4 · accession 0001185185-16-004157
Nova Lifestyle, Inc. · NVFY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bin Liu
Director
Period of report
May 19, 2015
Accepted (ET)
Apr 5, 2016 · 3:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001473334
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF1 | May 19, 2015 | A | 12,195 | $3.28 | A | 12,195 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Board of Directors of the Company granted restricted shares of common stock equal to the number of shares that are valued at $40,000 at $3.28 per share. The restricted period shall lapse as to 25% of the restricted stock on September 30, 2015, December 31, 2015, March 31, 2016 and June 30, 2016, subject to the grantee remaining in the continuous service of the Company on each applicable date.