Zhang Yizhao 4
4 · CHINA EDUCATION ALLIANCE INC. · Filed May 10, 2011
Insider Transaction Report
Form 4
Zhang Yizhao
Director
Transactions
- Award
Common stock
2011-05-09+20,000→ 20,000 total - Award
Option to Purchase Common Stock
2011-05-09+60,000→ 90,000 totalExercise: $1.26From: 2011-05-09Exp: 2014-05-08→ Common stock (60,000 underlying) - Award
Option to Purchase Common Stock
2009-06-18+30,000→ 30,000 totalExercise: $2.90From: 2010-06-18Exp: 2012-06-17→ Common stock (30,000 underlying)
Footnotes (3)
- [F1]This option was issued pursuant to the Company's 2009 Incentive Stock Plan and an Incentive Stock Option Agreement dated as of June 18, 2009. The option vests on the first anniversary of the date of the option and may be exercised until three years from the date of the grant of the option, provided that the Reporting Person is still a director of or otherwise engaged by the Company at the date of vesting.
- [F2]This option was issued pursuant to the Company's Amended and Restated 2009 Incentive Stock Plan and an Incentive Stock Option Agreement dated as of May 9, 2011. This option vests on the date of option and may be exercised until three years from the date of the grant of the option, provided that the Reporting Person is still a director of or otherwise engaged by the Company at the date of exercising.
- [F3]On May 9, 2011, the Reporting Person was granted 20,000 shares of Common Stock pursuant to the Company's Amended and Restated 2009 Incentive Stock Plan dated as of May 9, 2011.