Bloom Steven H. 4
4 · Verastem, Inc. · Filed Jan 7, 2019
Insider Transaction Report
Form 4
Verastem, Inc.VSTM
Bloom Steven H.
Chief Strategy Officer
Transactions
- Award
Stock Option (Right to Buy)
2019-01-03+40,000→ 40,000 totalExercise: $3.51Exp: 2029-01-03→ Common Stock (40,000 underlying) - Award
Stock Option (Right to Buy)
2019-01-03+40,000→ 40,000 totalExercise: $3.51Exp: 2029-01-03→ Common Stock (40,000 underlying)
Footnotes (2)
- [F1]The option vests as to 25% of the shares on the first anniversary of January 1, 2019 (the "Commencement Date") and as to an additional 6.25% of the shares at the end of each successive three-month period following the first anniversary of the Commencement Date until the fourth anniversary of the Commencement Date (with the number of shares vesting on each vesting date rounded down to the nearest whole share, except with respect to the final vesting date on which all remaining unvested shares shall vest), provided that the Reporting Person continues to serve as an employee of or other service provider to the Issuer on each such vesting date.
- [F2]The option vests as to: (a) 40% of the shares upon the date on which the closing price per share of the common stock is at least $10.00 on at least 20 (whether or not consecutive) of the prior 30 trading days, (b) 40% of the shares shall vest upon the date on which the closing price per share of the common stock is at least $15.00 on at least 20 (whether or not consecutive) of the prior 30 trading days, and (c) 20% of the shares shall vest upon the date on which the closing price per share of the common stock is at least $20.00 on at least 20 (whether or not consecutive) of the prior 30 trading days, provided that the Reporting Person continues to serve as an employee of or other service provider to the Issuer on each such vesting date.