ELITE PHARMACEUTICALS INC /DE/ 4
4 · ELITE PHARMACEUTICALS INC /DE/ · Filed Sep 1, 2005
Insider Transaction Report
Form 4
BERK BERNARD
DirectorChief Exec. Officer & Chairman
Transactions
- Award
Option
2005-08-30$2.75/sh+30,000$82,500→ 660,000 totalExercise: $2.75Exp: 2015-08-30→ Common Stock (30,000 underlying)
Footnotes (2)
- [F1]1/3 of the options shall vest during the period commencing on August 30, 2006, 1/3 of all options shall vest during the period commencing on August 30, 2007 and the remaining 1/3 of the options shall vest during the period commencing on August 30, 2008.
- [F2]This amount does not include 167,300 shares of Common Stock beneficially owned by the Reporting Person.