GENAERA CORP 4
4 · GENAERA CORP · Filed Jul 3, 2007
Insider Transaction Report
Form 4
GENAERA CORPGENR
ARMSTRONG JR. JOHN L.
President and CEO
Transactions
- Exercise/Conversion
Common Stock, Par Value $0.002
2007-06-30+5,500→ 36,250 total(indirect: Family Limited Liability Corporation) - Exercise/Conversion
Restricted Stock
2007-06-30−5,500→ 0 total(indirect: Family Limited Liability Corporation)From: 2006-07-31Exp: 2007-06-30→ Common Stock, Par Value $0.002 (5,500 underlying)
Footnotes (5)
- [F1]Represents vesting of restricted stock grants previously reported as derivative securities.
- [F2]The reporting person disclaims beneficial ownership of GENR common stock held by John L. Armstrong, LLC except to the extent of his pecuniary interest therein.
- [F3]Adjusted to reflect effect of one-for-six reverse split of GENR common stock effected on May 11, 2007.
- [F4]The security converts to common stock on a one-for-one basis.
- [F5]Restricted stock awards vest at the following rate: 5,667 shares on July 31, 2006, 5,500 shares on December 31, 2006 and 5,500 shares on June 30, 2007.