VATH JAMES E PHD 4
4 · PRAECIS PHARMACEUTICALS INC · Filed Nov 14, 2003
Insider Transaction Report
Form 4
VATH JAMES E PHD
Senior VP, Research
Transactions
- Award
Stock Option (Right to Buy)
2003-07-01+12,500→ 12,500 totalExercise: $4.90From: 2004-07-01Exp: 2013-07-01→ Common Stock, par value $.01 per share (12,500 underlying)
Holdings
- 2,412
Common Stock, par value $.01 per share
Footnotes (2)
- [F1]The term of the option is ten years from the date of grant.
- [F2]These options vest and become exercisable over a five-year period. Options with respect to 20% of the shares vest and become exercisable on 07/01/2004, and options with respect to the remaining shares vest and become exercisable in equal monthly installments thereafter. 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.