Jene Jill M. 4
4 · PDL BIOPHARMA, INC. · Filed Apr 1, 2019
Insider Transaction Report
Form 4
Jene Jill M.
VP, Business Development
Transactions
- Award
Stock Option (right to buy)
2019-03-28+377,358→ 377,358 totalExercise: $3.72Exp: 2029-03-28→ Common stock (377,358 underlying)
Footnotes (1)
- [F1]The stock options will vest as follows: (a) 25% of the shares subject to the option shall vest on the one year anniversary of January 1, 2019 and (b) 75% of the shares subject to the option shall vest on a monthly basis pro rata over the thirty-six (36) months following the one year anniversary of January 1, 2019, provided that the recipient's continuous service has not terminated prior to the applicable vesting date, subject to earlier vesting upon a change in control and certain qualifying terminations of employment provided in the severance agreement between the issuer and the recipient.