PETE CLINT J. 4
4 · CHARLES & COLVARD LTD · Filed Sep 7, 2022
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Common Stock
2022-09-05+19,688→ 219,516 total - Disposition to Issuer
Common Stock
2022-09-05−12,188→ 199,828 total - Exercise/Conversion
Phantom Stock
2022-09-05−19,688→ 0 totalFrom: 2022-09-05Exp: 2022-09-05→ Common Stock (19,688 underlying) - Disposition to Issuer
Common Stock
2022-09-05$1.35/sh−19,688$26,579→ 199,828 total
Holdings
- 49,500(indirect: By IRA)
Common Stock
Footnotes (2)
- [F1]Represents cancellation of 12,188 shares of performance-based restricted stock originally granted on September 15, 2021. These shares were cancelled because certain performance goals associated with the grant were not achieved at the target level.
- [F2]Each share of phantom stock was settled in cash for $1.35 (the closing price of one share of common stock on 07/31/2022, the vesting date of the phantom stock pursuant to Charles & Colvard, Ltd's Fiscal 2022 Senior Management Equity Incentive Program (the "Plan")). An additional 6,563 shares of phantom stock were forfeited pursuant to the Plan because certain performance goals associated with the grant were not achieved at the target level.