GARNICK MARC B 4
4 · PRAECIS PHARMACEUTICALS INC · Filed Nov 14, 2003
Insider Transaction Report
Form 4
GARNICK MARC B
EVP and Chief Medical Officer
Transactions
- Gift
Common Stock, par value $.01 per share
2003-09-17−36,000→ 407,722 total - Award
Stock Option (Right to Buy)
2003-11-13+87,500→ 87,500 totalExercise: $6.68From: 2003-12-13Exp: 2013-11-13→ Common Stock, par value $.01 per share (87,500 underlying)
Holdings
- 25,270(indirect: By Trust)
Common Stock, par value $.01 per share
Footnotes (3)
- [F1]These shares were previously reported as directly beneficially owned but were contributed to a grantor retained annuity trust on 09/17/2003.
- [F2]The term of the option is ten years from the date of grant.
- [F3]These options vest and become exercisable in equal monthly installments over a three-year period. These options shall vest and become immediately exercisable in the event that the recipient is terminated in connection with a change of control of the Company.