Rackear Andrew D. 4
4 · ENZON PHARMACEUTICALS INC · Filed Jan 19, 2012
Insider Transaction Report
Form 4
Rackear Andrew D.
VP and General Counsel
Transactions
- Award
Employee Stock Option (Right to Buy)
2012-01-17+25,000→ 25,000 totalExercise: $6.69Exp: 2022-01-17→ Common Stock (25,000 underlying) - Award
Common Stock
2012-01-17+10,000→ 58,334 total
Footnotes (4)
- [F1]Restricted Stock Units granted by the Issuer pursuant to its 2011 Stock Option and Incentive Plan and qualified under Rule 16b-3(d). Each unit represents a contingent right to receive one share of the Issuer's Common Stock.
- [F2]The Restricted Stock Units will vest in three (3) tranches. Of the 10,000 Restricted Stock Units granted, 3,333 will vest on January 17, 2013, 3,333 will vest on January 17, 2014, and 3,334 will vest on January 17, 2015, in each case if the Reporting Person remains employed by the Issuer on such date. The Restricted Stock Units do not have an expiration date.
- [F3]Options granted by Issuer pursuant to its 2011 Stock Option and Incentive Plan and qualified under Rule 16b-3(d).
- [F4]The options will vest in four (4) tranches. Of the 25,000 options granted, 6,250 options will vest on January 17, 2013, 6,250 options will vest on January 17, 2014, 6,250 options will vest on January 17, 2015, and the remaining 6,250 options will vest on January 17, 2016, in each case if the Reporting Person remains employed by the Issuer on such date.