UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Date of Report (Date of Earliest event Reported): November 28, 2007 (November 27, 2007)
| CHINA PUBLIC SECURITY TECHNOLOGY, INC. |
| (Exact name of registrant as specified in its charter) |
| Florida | 333-132119 | 59-1944687 |
| (State or other jurisdiction of | (Commission File Number) | (IRS Employer Identification Number) |
| incorporation or organization) |
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21st Floor, Everbright Bank Building, |
| Zhuzilin, Futian District, |
| Shenzhen, Guangdong, 518040 |
| People's Republic of China |
| (Address of Principal Executive Offices) |
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(+86) 755 -8370-8333 |
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Registrant's telephone number, including area code |
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(Former name or former address, if changed since last report) |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events On June 13, 2007, the board of
directors of China Public Security Technology, Inc. (the "Company") adopted its
2007 Equity Incentive Plan (the "2007 Plan"), which provides for grants of stock
options, stock appreciation rights, performance units, restricted stock,
restricted stock units and performance shares. Thereafter, on June 27, 2007, the
Company filed a Registration Statement on Form S-8 registering the shares
issuable under the 2007 Plan. On November 27, 2007, the Company
granted an aggregate of 50,000 shares of restricted stock under the 2007 Plan to
Jiang Huai Lin, the Company’s Chairman, President and Chief Executive Officer
and Zhi Xiong Huang, the Company’s Director and Chief Operating Officer,
pursuant to Restricted Stock Grant Agreements between the Company and each of
Messrs. Lin and Huang. The Company’s form of Restricted Stock Grant Agreement is
attached as Exhibit 10.1 to this Current Report. The amount of the equity awards are as follows:
| Name of Participant | Title of Participant | Total No. of Shares |
| Jiang Huai Lin | President, Chief Executive Officer, and Chairman of the Board | 30,000 |
| Zhi Xiong Huang | Chief Operating Officer and Director | 20,000 |
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Total |
50,000 |
The terms and conditions of the restricted stock awards are materially consistent with the previously disclosed terms of the 2007 Plan. All of the terms of the 2007 Plan, including those discussed in this Current Report, are qualified by reference to the provisions of the 2007 Plan, attached as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Commission on June 13, 2007.
Item 9.01
Financial Statement and Exhibits.
(d)
Exhibits
| Number | Description |
| 10.1 | Form of Restricted Stock Grant Agreement |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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CHINA PUBLIC SECURITY TECHNOLOGY, INC. |
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Dated: November 28, 2007 |
By: /s/ Jiang Huai Lin |
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Jiang Huai Lin |
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Chairman and Chief Executive Officer |
EXHIBIT INDEX
| Number | Description |
| 10.1 | Form of Restricted Stock Grant Agreement |