Kurtzman Gary J 4
4 · TENGION INC · Filed Feb 10, 2011
Insider Transaction Report
Form 4
TENGION INCTNGN
Kurtzman Gary J
Director
Transactions
- Other
Stock Option (right to buy)
2011-02-09−4,700→ 0 totalExercise: $5.00Exp: 2020-04-09→ Common Stock (4,700 underlying)
Footnotes (2)
- [F1]The Stock Option was granted to Gary J. Kurtzman, a director of the issuer. Dr. Kurtzman is a Senior Vice President and Managing Director of the Life Sciences Group of Safeguard Scientifics, Inc., a public holding company which has been a stockholder of the Issuer since before its public offering. Pursuant to Safeguard's employment practices and a written agreement between Dr. Kurtzman and Safeguard, executed on February 9, 2011, Safeguard may be deemed the beneficial owner of the Stock Option.
- [F2]The option shares will vest quarterly over a two-year period, subject to Gary Kurtzman's continued service on the Issuer's Board through the vesting dates.