Cukier Herm 4
4 · BIODELIVERY SCIENCES INTERNATIONAL INC · Filed May 8, 2018
Insider Transaction Report
Form 4
Cukier Herm
DirectorChief Executive Officer
Transactions
- Award
Stock Options
2018-05-08+800,000→ 800,000 totalExp: 2021-05-08→ Common Stock (800,000 underlying) - Award
Restricted Stock Units
2018-05-08+200,000→ 200,000 totalExercise: $0.00Exp: 2021-05-08→ Common Stock (200,000 underlying)
Footnotes (4)
- [F1]The Restricted Stock Units ("RSUs") were issued to the Reporting Person on May 8, 2018, pursuant to a grant under the Issuer's 2011 Equity Incentive Plan, as amended (the "Plan"). The award is subject to time-based vesting and will vest in equal portions on: (i) May 8, 2019; (ii) May 8, 2020; and (iii) May 8, 2021.
- [F2]Upon vesting, each RSU entitles the Reporting Person to one share of the Issuer's common stock. The Reporting Person has been granted the right to elect to defer actual payment of a vested RSU award, subject to compliance with Internal Revenue Code Section 409A.
- [F3]The exercise price of the stock options issued to the Reporting Person is the volume-weighted average price of the Company's common stock for the 30-day period ending on June 4, 2018.
- [F4]The stock options were issued to the Reporting Person on May 8, 2018, pursuant to a grant under the Plan. The award is subject to time-based vesting and will vest in equal portions on: (i) May 8, 2019; (ii) May 8, 2020; and (iii) May 8, 2021.