Lee Lawrence 4
4 · UNIVERSAL TRAVEL GROUP · Filed Dec 8, 2010
Insider Transaction Report
Form 4
Lee Lawrence
Director
Transactions
- Award
Options
2010-12-02+50,000→ 60,000 totalExercise: $6.06From: 2010-12-02Exp: 2020-12-01→ Common stock (50,000 underlying) - Award
Options
2009-09-01+10,000→ 10,000 totalExercise: $8.82From: 2010-09-01Exp: 2019-08-31→ Common stock (10,000 underlying)
Footnotes (2)
- [F1]On August 17, 2009, Lawrence Lee (the "Reporting Person") was appointed a director of Universal Travel Group (the "Company"). Pursuant to an appointment letter between the Company and the Reporting Person, on September 1, 2009, the Reporting Person was granted an option to purchase 10,000 shares of common stock at an exercise price equivalent to the closing price per share of common stock on the date of the grant, which option shall be exercisable one year from the date of grant.
- [F2]This option ("the Option") was issued pursuant to the Company's 2010 Incentive Stock Plan and the Nonstatutory Stock Option Agreement dated as of December 2, 2010. The Option shall become exercisable at the price of $6.06 per share during the term of the Reporting Person's directorship in two (2) equal annual installments of 25,000 shares each, the first installment to be exercisable on the date of this Option (the"Initial Vesting Date"), with the remaining installment becoming exercisable on the first anniversary following the Initial Vesting Date. The Option may be exercised on a cashless basis.