Klickstein Lloyd 4
4 · resTORbio, Inc. · Filed Dec 6, 2019
Insider Transaction Report
Form 4
resTORbio, Inc.TORC
Klickstein Lloyd
Director
Transactions
- Award
Common Stock
2019-12-06+118,222→ 118,222 total - Award
Stock Option (Right to Buy)
2019-12-06+88,667→ 88,667 totalExercise: $1.27Exp: 2029-12-05→ Common Stock (88,667 underlying)
Footnotes (2)
- [F1]The Reporting Person was issued Restricted Stock Units ("RSU"). Each RSU represents a contingent right to receive one share of common stock. The RSUs shall vest in four (4) annual installments, with the first tranche vesting on December 6, 2020. The RSUs may be settled only by delivering shares of common stock, and thus, the grant is being reported in Table I as allowed per SEC guidance.
- [F2]25% of the shares shall vest on December 6, 2020, with the remainder vesting in 36 equal monthly installments thereafter.