Hart Danny J Jr. 4
4 · PDL BIOPHARMA, INC. · Filed May 21, 2013
Insider Transaction Report
Form 4
Hart Danny J Jr.
Assoc Genl Counsel/Asst Sec
Transactions
- Award
Common stock
2013-05-21$8.37/sh+5,352$44,796→ 20,456 total - Award
Common stock
2013-05-21$8.37/sh+2,675$22,390→ 23,131 total
Footnotes (2)
- [F1]The shares will vest on December 12, 2014, provided I am continuously employed by the Company through such date. In the event I am terminated by PDLI without cause or resign for good reason, the shares shall ratably accelerate and vest in proportion to the time lapsed during the vesting period. During the vesting period, I have the right to vote the shares and will receive any dividends and other shareholder distributions paid by PDLI. Such dividends and other distributions shall accumulate with interest and will vest and pay if and when the underlying shares vest.
- [F2]The shares will vest on December 31, 2013, provided I am continuously employed by the Company through such date. In the event I am terminated by PDLI without cause or resign for good reason, the shares shall ratably accelerate and vest in proportion to the time lapsed during the vesting period. During the vesting period, I have the right to vote the shares and will receive any dividends and other shareholder distributions paid by PDLI. Such dividends and other distributions shall accumulate with interest and will vest and pay if and when the underlying shares vest.