MORGAN RICHARD C E 4
4 · CELGENE CORP /DE/ · Filed Aug 10, 2005
Insider Transaction Report
Form 4
MORGAN RICHARD C E
Director
Transactions
- Other
Common Stock
2005-08-08−138,804→ 16,120 total
Footnotes (1)
- [F1]Mr. Morgan entered into a pre-paid forward arrangement pursuant to which he agreed to sell 138,804 shares of common stock on August 11, 2007 (the "Settlement Date") and currently received a payment of $37.6694 per share. On the Settlement Date, Mr. Morgan will receive a number of shares of Common Stock of Celgene equal to (a) the difference between the market value of the shares on the Settlement Date and $47.028, times (b) 138,804, divided by (c) the market value of the stock on the Settlement Date; provided, however, if the common stock is valued above $70.542 per share on the Settlement Date, the share price shall be assumed to be $70.542 per share and if the common stock is valued below $47.028 per share on the Settlement Date, the share price shall be assumed to be $47.028 per share.