FRYDMAN JEAN W 4
4 · NOVADEL PHARMA INC · Filed Aug 1, 2005
Insider Transaction Report
Form 4
FRYDMAN JEAN W
VP & General Counsel
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2005-07-28−100,000→ 0 totalExercise: $1.98Exp: 2014-05-16→ Common Stock (100,000 underlying) - Award
Stock Option (right to buy)
2005-07-28+100,000→ 100,000 totalExercise: $1.98Exp: 2014-05-16→ Common Stock (100,000 underlying)
Footnotes (3)
- [F1]33,333 options became exercisable on May 17, 2005, 33,333 become exercisable on May 17, 2006, and 33,334 become exercisable on May 17, 2007.
- [F2]33,333 were exercisable on date of issue; 33,333 become exercisable on May 17, 2006 and 33,334 on May 17, 2007.
- [F3]On July 28, 2005, the issuer canceled, pursuant to a disclosure and release agreement, a ten-year option grant to the reporting person on May 17, 2004 for 100,000 shares at $1.98 per share. In exchange, the reporting person received an option for 100,000 shares at $1.98 as described herein.