Hofstaetter Thomas 4
4 · GERON CORP · Filed May 13, 2011
Insider Transaction Report
Form 4
GERON CORPGERN
Hofstaetter Thomas
Director
Transactions
- Award
Common Stock
2011-05-11+6,000→ 56,641 total - Award
Stock Option (right to buy)
2011-05-11+12,000→ 12,000 totalExercise: $4.91From: 2011-05-11Exp: 2021-05-11→ Common Stock (12,000 underlying) - Award
Common Stock
2011-05-11+4,073→ 50,641 total - Award
Stock Option (right to buy)
2011-05-11+15,000→ 15,000 totalExercise: $4.91Exp: 2021-05-11→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]Shares issued in lieu of cash payment for annual board of directors retainer fee. Number of shares issued based on close price on May 11, 2011 of $4.91 per share.
- [F2]The shares of restricted stock will remain subject to a repurchase right of Geron over four years, during such time the repurchase right will lapse with respect to 25% of such shares on the earlier of each anniversary date of May 11, 2011 or the annual stockholders meeting date in that year. The lapse of Geron's repurchase right is conditioned on the director continuing to provide services to Geron through each vesting date.
- [F3]This option is exercisable in a series of three equal consecutive annual installments commencing from March 25, 2010, provided the optionee continues to provide services to Geron through each vesting date.