CTI BIOPHARMA CORP 4
4 · CTI BIOPHARMA CORP · Filed Dec 23, 2015
Insider Transaction Report
Form 4
BIANCO LOUIS A
EVP, Finance & Administration
Transactions
- Award
Employee Stock Option (Right to Buy)
2015-12-23+1,600,000→ 1,600,000 totalExercise: $1.24Exp: 2025-12-23→ Common Stock (1,600,000 underlying) - Disposition to Issuer
Common Stock
2015-12-23−236,858→ 669,489 total
Holdings
- 37(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Represents the forfeiture back to CTIC of shares of restricted stock. The restricted shares were originally issued pursuant to a performance-based equity award effective as of January 3, 2012 and subsequently amended. The reporting person agreed to forfeit the restricted shares to the issuer. If a performance goal that had been applicable to such restricted stock is achieved by December 31, 2016, the reporting person will be entitled to the grant of a stock option from CTIC with respect to the same number of shares that would have been issued to the reporting person upon achievement of the goal under the original terms of the reporting person's long-term incentive award.
- [F2]The option is scheduled to vest in eight semi-annual installments over the four-year period following the grant date, subject to the reporting person's continued employment or service with the issuer through the applicable vesting date.