UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d)
OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date
of
Report (Date of Earliest Event Reported): February 13, 2007 (February 7,
2007)
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CHINA
SECURITY & SURVEILLANCE
TECHNOLOGY,
INC.
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(Exact
name of registrant as specified in its
charter)
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Delaware
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000-50917
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98-0509431
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(State
of Incorporation)
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(Commission
File No.)
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(IRS
Employer ID
No.)
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13/F,
Shenzhen Special Zone Press Tower, Shennan Road
Futian,
Shenzhen, China, 518034
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(Address
of Principal Executive
Offices)
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(86)
755-83765666
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Registrant’s
Telephone Number, Including Area
Code:
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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.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
1.01. Entry
into a Material Definitive Agreement
Effective
February 7, 2007, the board of directors of China Security & Surveillance
Technology, Inc. (the “Company”) adopted its 2007
Equity Incentive Plan (the “2007 Plan”). The 2007
Plan
provides for grants of stock options, stock appreciation rights, performance
units, restricted stock, restricted stock units and performance shares
(collectively, the “Awards”). A total of 8,000,000 shares of the Company’s
common stock may be issued pursuant to Awards granted under the 2007 Plan.
The
exercise price per share for the shares to be issued pursuant to an exercise
of
a stock option will be no less than the fair market value per share on the
grant
date, except in the case of an incentive stock option granted to a 10% owner,
where the exercise price will be no less than 110% of the fair market value
per
share on the grant date. No more than an aggregate of 2,500,000 shares (or
for
awards denominated in cash, the fair market value of 2,500,000 shares on the
grant date) may be subject to awards under the 2007 Plan to any individual
participant in any one fiscal year of the Company. No Awards may be granted
under the 2007 Plan after February 7, 2012, except that any Award granted before
then may extend beyond that date.
The
foregoing description of the terms of the 2007 Plan is qualified in its entirety
by reference to the provisions of the 2007 Plan, which is included as Exhibit
10.1 to this Form 8-K and incorporated by reference herein.
Item
9.01. Financial
Statements and Exhibits.
(d)
Exhibits
10.1 China
Security & Surveillance Technology, Inc. 2007 Equity Incentive
Plan
SIGNATURES
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.
China
Security & Surveillance Technology, Inc.
Date:
February 13,
2007
/s/
Guoshen
Tu
Chief
Executive Officer
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Exhibit
No.
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Description
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10.1
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China Security & Surveillance Technology, Inc. 2007 Equity Incentive
Plan
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