ZAFGEN, INC. 4
4 · ZAFGEN, INC. · Filed Apr 4, 2016
Insider Transaction Report
Form 4
ZAFGEN, INC.ZFGN
McDonough Cameron Geoffrey
Director
Transactions
- Disposition to Issuer
Common Stock
2016-04-01$7.91/sh−4,424$34,994→ 0 total - Award
Stock Option (Right to Buy)
2016-04-01+6,100→ 6,100 totalExercise: $7.91Exp: 2026-04-01→ Common Stock (6,100 underlying)
Footnotes (2)
- [F1]In a Form 4 filed on January 27, 2016, a grant of 4,424 shares of common stock on January 25, 2016 (the "Original Grant") was reported on behalf of the Reporting Person in lieu of cash fees under the Non-Employee Director Compensation Policy (the "Policy") pursuant to a Restricted Stock Agreement at a price equal to $7.91 per share, the market price of the stock on the grant date (the "Original Price"), subject to vest over a period of one year starting January 1, 2016 on a quarterly basis in arrears. It was recently determined that the Original Grant was made owing to an administrative error, since the Reporting Person requested a stock option in lieu of cash fees under the Policy.
- [F2](Continued from Footnote 1) To correct the error, the Company canceled the Original Grant on April 1, 2016 and granted a stock option (the "Replacement Option") to the Reporting Person in lieu of cash fees under the Policy pursuant to a Non-Qualified Stock Option Agreement at an exercise price equal to the Original Price, subject to vest over a period of one year starting January 1, 2016 on a quarterly basis in arrears. The correction is reported in this Form 4 as a cancellation of the Original Grant and the grant of the Replacement Option.