Cukier Herm 4
4 · BIODELIVERY SCIENCES INTERNATIONAL INC · Filed Feb 4, 2019
Insider Transaction Report
Form 4
Cukier Herm
DirectorChief Executive Officer
Transactions
- Award
Stock Options (Right to buy)
2019-01-31+540,000→ 540,000 totalExercise: $3.90Exp: 2029-01-31→ Common Stock (540,000 underlying) - Award
Restricted Stock Units
2019-01-31+93,750→ 93,750 totalExercise: $0.00Exp: 2022-01-31→ Common Stock (93,750 underlying)
Footnotes (4)
- [F1]The Restricted Stock Units ("RSUs") were issued to the Reporting Person on January 31, 2019, 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) January 31, 2020; (ii) January 31, 2021; and (iii) January 31, 2022.
- [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 January 30, 2019.
- [F4]The stock options were issued to the Reporting Person on January 31, 2019, pursuant to a grant under the Plan. The award is subject to time-based vesting and will vest in equal portions on: (i) January 31, 2020; (ii) January 31, 2021; and (iii) January 31, 2022.