rrd273133_308317.html

0001181431-11-016502.txt : 20110308 0001181431-11-016502.hdr.sgml : 20110308 20110308162145 ACCESSION NUMBER: 0001181431-11-016502 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110307 FILED AS OF DATE: 20110308 DATE AS OF CHANGE: 20110308 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Krist Timothy L CENTRAL INDEX KEY: 0001440180 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-23329 FILM NUMBER: 11672226 MAIL ADDRESS: STREET 1: C/O CHARLES & COLVARD LTD. STREET 2: 300 PERIMETER PARK DR., STE A 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: 1231 BUSINESS ADDRESS: STREET 1: 300 PERIMETER PARK DRIVE STREET 2: SUITE A CITY: MORRISVILLE STATE: NC ZIP: 27560 BUSINESS PHONE: 9194680399 MAIL ADDRESS: STREET 1: 300 PERIMETER PARK DRIVE STREET 2: SUITE A CITY: MORRISVILLE STATE: NC ZIP: 27560 FORMER COMPANY: FORMER CONFORMED NAME: C3 INC /NC/ DATE OF NAME CHANGE: 19970829 4 1 rrd304637.xml X0303 4 2011-03-07 0 0001015155 CHARLES & COLVARD LTD CTHR 0001440180 Krist Timothy L C/O CHARLES & COLVARD LTD. 300 PERIMETER PARK DR., STE A MORRISVILLE NC 27560 0 1 0 0 Chief Financial Officer Common Stock 65000 D Stock Option (Right to buy) 3.46 2011-03-07 4 A 0 39990 0 A 2011-03-07 2021-03-07 Common Stock 39990 39990 D Option vests and becomes exercisable in four equal installments on March 7, 2011, 2012, 2013, and 2014. See attached Power of Attorney Exhibit 24.1 /s/ Timothy L. Krist 2011-03-08 EX-24.1 2 rrd273133_308317.htm POWER OF ATTORNEY rrd273133_308317.html

Exhibit 24.1

POWER OF ATTORNEY

      The undersigned, as a director of Charles & Colvard, Ltd., a North Carolina corporation (the "Company");
      Does hereby constitute and appoint Steven C. Dawson and Bernadette R. Lindemer or any one of them acting individually to be his or her agent and attorney-in-fact;
      With the power to act fully hereunder and with full power of substitution to act in the name and on behalf of the undersigned;
      To sign in the name and on behalf of the undersigned, as an officer of the Company, and file with the Securities and Exchange Commission such forms or information as may be required to be filed in accordance with Section 16(a), Rule 13d-1(b), (c), and (d) and Rule 13d-2 of the Securities Exchange Act of 1934, and pursuant to Rule 144 of the Securities Act of 1933.
      This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file forms or information with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.
	IN WITNESS WHEREOF, the undersigned executed this Power of Attorney on the date set forth below.



      /s/ Timothy L. Krist
Name: 	Timothy L. Krist
Date:    March 8, 2011