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