| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE
COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
| |||||||||||||||
|
|
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | ||||||||||||||||
1. Name and
Address of Reporting Person*
(Street)
|
2. Issuer Name and
Ticker or Trading Symbol ALLIED HEALTHCARE INTERNATIONAL INC [ AHCI ] |
5. Relationship of Reporting
Person(s) to Issuer (Check all applicable)
| ||||||||||||||||||||||||
| 3. Date of Earliest Transaction
(Month/Day/Year) 11/25/2008 | ||||||||||||||||||||||||||
| 4. If Amendment, Date of Original
Filed (Month/Day/Year) |
6. Individual or Joint/Group Filing
(Check Applicable Line)
| |||||||||||||||||||||||||
| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Table II - Derivative Securities Acquired, Disposed of, or
Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Option (right to buy) | $1.92 | 11/25/2008 | A | 30,000 ( 1 ) | 11/25/2008 ( 1 ) | 10/16/2016 | Common Stock | 30,000 | $0 | 60,000 ( 1 ) | D | ||||
| Explanation of Responses: |
| 1. On October 16, 2006, the reporting person was granted an option to purchase 60,000 shares of common stock of Allied Healthcare International Inc. (the "Company"). The option vests in two equal annual installments, subject to the satisfaction by the Company of certain performance criteria for each of its fiscal years ending September 20, 2007 and 2008. Under the terms of the option, the date of vesting is the date that the Company files a Form 10-K reporting its financial results for the applicable fiscal year. The performance criteria for the Company's fiscal year ended September 30, 2008 were met and the Company filed its Form 10-K in respect of its fiscal year ended September 30, 2008 on November 25, 2008, resulting in vesting of the option as to 30,000 shares on November 25, 2008. The 30,000 options that vested upon satisfaction by the Company of certain performance criteria in respect of the its fiscal year ended September 30, 2007 vested on December 13, 2007. |
| /s/ Marvet Abbassi, Attorney-in-Fact | 11/25/2008 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||