0001104659-22-116586.txt : 20221109
0001104659-22-116586.hdr.sgml : 20221109
20221109173137
ACCESSION NUMBER: 0001104659-22-116586
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221107
FILED AS OF DATE: 20221109
DATE AS OF CHANGE: 20221109
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: O'CONNELL DON
CENTRAL INDEX KEY: 0001707186
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-23329
FILM NUMBER: 221374136
MAIL ADDRESS:
STREET 1: C/O CHARLES & COLVARD, LTD.
STREET 2: 170 SOUTHPORT DRIVE
CITY: MORRISVILLE
STATE: NC
ZIP: 27560
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CHARLES & COLVARD LTD
CENTRAL INDEX KEY: 0001015155
STANDARD INDUSTRIAL CLASSIFICATION: JEWELRY, SILVERWARE & PLATED WARE [3910]
IRS NUMBER: 561928817
STATE OF INCORPORATION: NC
FISCAL YEAR END: 0630
BUSINESS ADDRESS:
STREET 1: 170 SOUTHPORT DRIVE
CITY: MORRISVILLE
STATE: NC
ZIP: 27560
BUSINESS PHONE: 9194680399
MAIL ADDRESS:
STREET 1: 170 SOUTHPORT DRIVE
CITY: MORRISVILLE
STATE: NC
ZIP: 27560
FORMER COMPANY:
FORMER CONFORMED NAME: C3 INC /NC/
DATE OF NAME CHANGE: 19970829
4
1
tm2230166d1_4.xml
OWNERSHIP DOCUMENT
X0306
4
2022-11-07
0
0001015155
CHARLES & COLVARD LTD
CTHR
0001707186
O'CONNELL DON
170 SOUTHPORT DRIVE
MORRISVILLE
NC
27560
1
1
0
0
President and CEO
Common Stock
2022-11-07
4
A
0
97500
0.00
A
548614
D
Phantom Stock
2022-11-07
4
A
0
52500
0.00
A
Common Stock
52500
52500
D
Performance-based restricted stock will vest, subject to achievement of performance goals, on July 31, 2023, pursuant to Charles & Colvard, Ltd.'s Fiscal 2023 Senior Management Equity Incentive Program (the "Plan").
Performance-based phantom stock is settled in cash and will become payable, subject to the achievement of performance goals set forth in the Plan, on the later of (i) July 31, 2023 or (ii) such date as the Compensation Committee determines achievement of performance goals. Each share of phantom stock is the economic equivalent of one share of Common Stock. The shares of phantom stock do not confer any stock ownership rights and become payable solely in cash based on the closing price of Charles & Colvard, Ltd.'s Common Stock on the Vesting Date, determined under the terms of the Plan.
/s/ Clint J. Pete, Attorney-in-Fact
2022-11-09