APRICUS BIOSCIENCES, INC. 4
4 · APRICUS BIOSCIENCES, INC. · Filed Apr 7, 2016
Insider Transaction Report
Form 4
XANTHOPOULOS KLEANTHIS G
Director
Transactions
- Award
Common Stock
2016-04-05$0.58/sh+8,621$5,000→ 64,356 total(indirect: By Trust)
Footnotes (2)
- [F1]The shares of common stock were issued to the Reporting Person, a non-employee director of the Issuer, as partial payment for the quarterly retainer fee for his service as director of Issuer under an amended director compensation policy, which reduced the cash compensation payable to the Issuer's non-employee directors and in lieu of such cash compensation, resolved to grant shares of the Issuer's common stock.
- [F2]The value of the shares being delivered in satisfaction of the payment was calculated based on the closing price of the Issuer's common stock on March 31, 2016.